The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 02-Sep-2008.
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 02-Sep-2008 | 2799.13 | 1666.88 | 1132.25 |
Session Timings Changed from September 24, 2008 to October 08, 2008 (both days inclusive).
Time
From 9:55 a.m.To 11:25 a.m and From 12:10 p.m To 4:15 p.m.
--
The Bulls made a killing in the bourses, along waited accumulation sparked with a stellar performance that even greeted the new RBI Governor.
The regular readers will notice the developments and the levels suggested were in line with the performance of the markets. A copy of the earlier suggestion will be pasted for study and reference……
Yester day posted as the markets may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level. The RIL low is 2125. The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day. The ONGC today made a low at 1040.
I categorically mention in my previous posts as …. The Nifty as earlier said has support at 4280 level but it shall not trade below that level as it is a sacrosanct level with a small consideration up to 4240 level that could become as a last chance. The upper side pressure are used as opportunities to buy the stocks, enables the Bulls to run smoothly “turf clearing” exercise for a big up side move.
I clearly mentioned in the morning that about the stock specific action and the equities fall in line with global action, likely take off at stocks like SBI, Relcap, ICICI bank, DLF, JP, RCOM and even Cairn as the moves gone in our favour as the crude crashed even to 106 dollars breaching the 110-115 band.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Scrip: - LNT
BSE Code: - 500510
CMP: - 2562
52 Week H/L: -4670.00 - 2100.00
Target: - 2900 ( Before 3 rd Oct.)
Target for long term investors : - 200% returns after Bonus in 2 years.
Summary: -
One of the badly beaten out scrip in the Indian markets is LNT.
For Short term traders this scrip is excellent as record date for bonus is 3rd of Oct.
Technically speaking this scrip shows some positive strength to me.
Bonus will pull up this scrip.
A long term bet: -
It is India’s largest Engineering and Construction giant.
L&T is the best managed company in India – Business Today survey.
Larsen and Toubro will benefit from huge infrastructure investments in India and Gulf regions.
Strong Order book.
L&T will be demerged into Power, IT, Ship building and Railway units along with engineering division. Investors will get very good returns after the demerger.
Verdict: -
All the factors are in favour of LNT so I am not adding Key Positive and Key Negative.
Ratings -
Short term: - 8/10
Medium Term: - 7/10
Long term: - 10/10 and if possible more than this.
No comments:
Post a Comment