Intraday Trading Tips For 09.01.2008
Short Sell IFCI below 89.15 T1 85 T2 83 SL 94
Buy KS Oils at 124.50 T1 129 T2 133 SL 122
January 9, 2008
January 8, 2008
Share Market Updates
The market posted modest gains in volatile trading. The market had slipped into the red at one point of time in mid-morning trade, coming off sharply from a record high which it had hit at the onset of the trading session. It had recovered from lower level later.
The market breadth was quite weak. Healthcare, metal, consumer durable and auto stocks declined. IT stocks rose. Reliance Industries edged higher. European markets, which opened after Indian market, were firm. Asian markets, which opened before Indian market, were mixed. The Dow industrials and the S&P 500 rose on Monday, 7 January 2008.
Reliance Natural Resources rose 7.15% to Rs 244.15, on huge volume of 4.23 crore shares on BSE.
Satyam Computer Services, India's fourth-biggest software exporter in terms of sales rose 3.28% to Rs 427 after it, said on Monday, 7 January 2008, it had received a major contract from the Irish Further Education and Training Awards Council.
Intraday Trading Tips For 08.01.2008
Buy Punjab National Bank at 688 T1 694 T2 699 SL 684
Update: Achived Both the Targets HOD 700.80
Buy ACC above 1010 T1 1020 T2 1027 SL 1000
Update: Call has not entered HOD 1007.60
January 7, 2008
Intraday Trading Tips For 07.01.2008
Sell Lic Housing below 377 T1 372 T2 369 SL 383
Update: Achived the First Target of 372
Sell HPCL below 395 T1 386 T2 379 SL 404
Update: Achived Both the Targets of 379.05
January 6, 2008
Share Market / Stock News and Updates
The Indian stock market ended the first week of the new year on a positive note with both key indices — the Bombay Stock Exchange’s Sensex and the National Stock Exchange’s Nifty 50 — scaling new lifetime highs, propelled by heavyweights Oil & Natural Gas Corp and Reliance Industries, on rising crude prices, coupled with the government’s announcement to hike retail oil prices by this month-end.
Big buying by domestic institutions and Finance Minister P Chidambaram’s plea to bank chiefs to reduce lending rates to maintain economic growth also boosted sentiment, said dealers.
The Sensex was up 341.69 points, or 1.68 per cent, to 20,686.89 while rival National Stock Exchange’s S&P CNX Nifty Index gained 95.75 points, or 1.55 per cent to 6,274.30.
The first week of 2008 saw the Sensex and the Nifty rising 2.38 per cent (479.94 points) and 3.20 per cent (194.60 points), respectively.
Volatility in bank stocks:
Select bank shares may rise next week, while others are likely to be volatile on account of stretched valuations. “The results and Reserve Bank of India’s monetary policy would be the triggers for banking stocks,” said a banking analyst. Banks’ third quarter performance would be boosted by other income. The cut in deposit rates is also likely to help ease the pressure on net interest margin, bankers said. Moreover, lower provisioning on account of the bullish government bonds market will boost the bottom-line.
Though Finance Minister P. Chidambaram today expressed his wish that the lending and deposit rates should be 50 basis points lower, bankers do not expect RBI to cut rates at the third quarter review of its monetary and credit policy for 2007-08 (April-March) on January 29. Some brokerages see room for a rise in the stock prices of state-run banks despite their stretched valuations.
Cement shares may dip:
Most cement shares could trade sideways next week with a negative bias as the Tamil Nadu government asked the cement makers to slash commodity prices to Rs 230-235 per 50 kg bag. Some buying is however seen ahead of the October-December earnings, which are likely to be robust, dealers said. The investors are cautious that the government may intervene if there are any further hikes. But the cement dealers are still expecting at least one hike of Rs 3-5 per 50 kg bag in the western and northern region by February 1.
January 4, 2008
Share Market Updates
The market is likely to remain volatile amid worries about the possible recession in US and mixed Asian markets in current trades. The presence of strong bullish sentiment may help the market to turn positive
Few Indian ADRs closed with marginal gains on the US bourses. MTNL gained over 2% while Wipro, Tata Motors, ICICI Bank, HDFC Bank and Rediff gained over 1% each. However, Infosys, Satyam, Dr Reddy's Lab and VSNL shed around 1-2% each
Gainers at the Sensex were NTPC, which rose 7.56% to close at Rs 276.70, followed by Reliance Energy, which rose 6.42% to close at Rs 2517.40 and HUL gained 3.51% to close at Rs 222.95 Other gainers were ONGC, RIL, Reliance Comm and Tata Motors.
Tata Motors plans to assemble its small car in Thailand with an investment of Rs8-9bn
Poor transport links in Bihar are likely to delay NTPC’s plans to expand generating capacity by 1,000MW at Kahalgaon...
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