It is likely to trade in a range tomorrow if there are no negative cues.
Closing above 2860 will bring in the upward momentum. And a close below 2765 will bring in the downsides...
A likely range of 2765/2775 to 2835/2855 is expected.
A weekly close of minimum 2825 will bring some strength to the weekly technicals.
| S2 | S1 | Pivot | R1 | R2 |
| 2,753 | 2,788 | 2,831 | 2,867 | 2,910 |
Sh*cks – it did not last for the time frame I had in mind – Two bloody days and we cannot keep the gains in hand – where do we go from here? I have asked this question to myself so many times that I am sorry I really do not know – 
The markets yesterday were not particularly bad – after two/three days of upswing requires a breather – especially in our markets where we look outside our own window for guidance. In any case the inflation is flat (increased marginally) did not help the case. As far as inflation is concerned the govt has taken the steps that I feel – will get it where the govt claims it will be – less than 3 by Mar. Fair enough.
The Global cues have gone negative – Europe started flat with FTSE green and then kept on dropping never to look positive again. FTSE was down 2.45%, Dax down 2.01% and CAC down 2.15%. US too started red and then there was no looking up. DOW was down 2.7%, Nasdaq 3.24% down and S&P down 3.31%. What would be interesting is the 8000 level on DOW – hold or break? It is the unemployment data and new home sales data that cracked the US today. Just wait and see if 8000 will hold or break. Last day of trading today for the week and the month. Will see – how much do we loose or gain this month.
The candles are somewhere in the middle of Bollinger bands. I had expected us to go a little higher before turning down but that was not to be. Now we will perhaps test the lower band of Bollinger and that is as of now flat at 2600 levels on Nifty. ADX was in a mood perhaps to show strength of the upmove as it was moving above 20 but is flat. The MACD could have moved to positive divergence but once again the divergence remained negative. MACD is bearish. RSI is down, Slow Stochastic is has turned back up before going to the oversold zone. It is TRIX that is looking up and I do take TRIX seriously – as generally it signals the way of the things to come. We will have to see the TRIX for some more time as it might just be flattening out before dropping more.
Let us see the pivot data…
Okay too the Pivot data now…
R3 2951 against 2945 yesterday
R2 2908
R1 2865
Pivot 2830 against 2823 yesterday
S1 2787
S2 2752
S3 2709 against 2701 yesterday
Projected High Range 2848 to 2887
Projected Low Range 2859 to 2820
Fib Projected High 2894
Fib Projected Low 2773
The pivots have not moved much from the yesterday’s levels – 8 points at the most on the lower side and 5 odd points on the upper side. Opening is going to be red but will S1/S2 hold out is my concern.
Best of luck for today. If you deal in NTPC trap it at 180/190 range with 8/10 rupees max investment and I feel the move will be good to give you good results. Best of luck.
This article is a 22-page annual letter to the shareholders for 2002, which was released on March 19, 2003. In this famous statement, Warren Buffett provided remarkable insights on dangers posed by derivatives to firms engaging in them and the economic system as a whole. He stressed on Corporate Governance, auditors role and the responsibility of CEOs. He also gave smart investment advice for investors.
About Warren Buffett:
1. Warren Buffett is a legendary investor and his Company is Berkshire Hathaway which was incorporated in 1964.
2. He has shown an annual average gain of 22% per share and became a legendary value investor and is a disciple of Benjamin Graham.
Warren Buffett statement -2002
1. We view the Derivatives as time bombs, both for the parties that deal in them and the economic system.
2. Closing down a derivatives business is easier said than done. Like Hell, it is easy to enter and almost impossible to exit.
3. In recent years, some huge-scale frauds and near-frauds have been facilitated by Derivative trades.
4. I can assure that the marking errors in the derivatives business have not been symmetrical. They have favoured either trader who was eyeing a multi-million dollar bonus or the CEO who wanted to report impressive earnings or both. The bonuses were paid and the CEO profited from his options. Only much later did shareholders learn that the reported earnings were a sham.
5. Derivatives can exacerbate trouble that a corporation has run into for completely unrelated reasons. This pile-on effect occurs because many derivatives contracts require that a company suffering a credit downgrade immediately supply collateral to counterparties.
6. Company’s derivatives instantly kick in with their requirement, imposing an unexpected and an enormous demand for cash collateral on the company. The need to meet this demand can then throw the company into a liquidity crisis which may trigger for more downgrades. It finally can lead to a corporate meltdown.
7. A participant may see himself as prudent, believing his large credit exposures to be diversified and therefore not dangerous. Under certain circumstances, though, an exogenous event that causes the receivable from Company A to go bad will also affect those from companies B through Z. History teaches us that a certain problems to correlate in a manner undreamed of in more tranquil times (Buffett warned about this in 2003).
8. In banking and insurance industries, firms that are fundamentally solid can become trouble simply because of the travails of other firms further down the chain. When a “Chain reaction” threat exits within an industry, it pays to minimise links of any kind. That’s how we conduct reinsurance business, and it’s one reason we are exiting derivatives (that is called vision).
9. Macro picture sometime carry large amount of risk. Derivatives will be concentrated in the hands of few derivative dealers. Troubles of one could quickly infect the others. These derivative instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and Governments have so far found no effective way to control, or even monitor, the risks posed by these contracts.
10. We are apprehensive about the burgeoning quantities of long term derivatives contracts and the massive amount of uncollateralized receivables that are growing alongside. So, Derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.
About Directors sitting on Board:
1. Jesus Christ: “Give an account of thy stewardship; for thou no longer be steward. (Luke 16:2)”
2. Accountability and stewardship withered in the last decade, becoming qualities deemed of little importance by those caught up in the Great Bubble. As stock prices went up, the behavioural norms of managers went down.
3. Most of the CEOs behaved badly at the office, fudging numbers and drawing obscene pay for mediocre business achievements.
4. In theory, corporate boards should have prevented this deterioration of conduct. I last wrote about the responsibilities of directors in the 1993 annual report. Directors should behave as if there was a single absentee owner, whose long-term interest they should try to further in all proper ways.
5. If able but greedy managers over-reach and try to dip too deeply into the shareholder’s pockets, directors must slap their hands (He wrote this in 1993). These days (in 2003), overreaching has become common but few hands have been slapped.
6. Directors are obliged to represent the interests of shareholders. If they failed to protect shareholder’s interests, they should resign from the board. It is desirable to have directors who think and speak independently – but they must also be business savvy, interested and shareholder-oriented.
About Stock Market investments:
1. He wrote this in 2003. Despite three years of falling stock prices, which have significantly improved the attractiveness of common stocks, we still find very few that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during the Great Bubble.
Note: New investors should read this sentence carefully and note down the words like “3 years of fall” and “insanity of valuations” etc.
2. I love stock market investments. In my 61 years of investing, 50 years offered that kind of opportunity. There will be years like that again. With short term money returning less than 1% after-tax, sitting out is no fun.
3. Occasionally, successful investing requires inactivity.
Note: Please read the above sentence 10 times. Sometimes, staying away from stock market investments is equal to making money.
About auditors:
1. Audit committees can’t audit. Only a company’s outside auditor can determine whether the earnings that a management purports to have made are suspect.
2. Far too many managers have fudged their company’s numbers in recent past, using both accounting and operational techniques that are typically legal and materially mislead investors.
3. Frequently, auditors knew about these deceptions. Too often, however, they remained silent. Key job of the audit committee is simply to get the auditors to divulge what they know.
4. Auditors worry more about misleading its numbers than about offending management. In these days (in 2003), auditors viewed the CEO, rather than shareholders or directors, as their client.
5. He gave so much advice to the auditors in this report. This report is a must read for every auditor.
Advice to investors and shareholders:
1. Beware of companies displaying weak accounting. When managements take the low road in aspects that are visible, it is likely they are following a similar path behind the scenes.
2. Trumpeting EBITDA (earnings before interest, taxes, depreciations and amortisation) is a pernicious practice.
3. Unintelligible footnotes usually indicate untrustworthy management. If you can’t understand a footnote or other managerial explanation, it is usually because the CEO doesn’t want to you to.
Note: Larsen and Toubro’s investors failed to understand the statements by Naik in these days.
4. Be suspicious of companies that trumpet earnings projections and growth expectations. Business seldom operates in tranquil, no-surprise environment, and earnings simply don’t advance smoothly (except in the offering books of investment bankers).
5. We are suspicious of those CEOs who regularly claim they do know future – and we become downright incredulous of those CEOs who consistently reach their targets.
6. Managers that always promise to “make the numbers” will at some point be tempted to make up the numbers.
Source of the article: Business Standard (March 24, 2003)
Final verdict: What a man! What a vision! Financial world is now in a good state if the young MBAs from premier business schools followed his advice.
Quote of the day: "It is important to be able to make decisions without complete or perfect information. Things are almost never clear on wall street; when they are, it's too late to profit from them." - Peter Lynch.
RBI macro-economic review:
1. Reserve Bank downgraded India GDP growth rate to 6.8% from 7.7%. I am expecting 6-6.5% GDP growth in this financial year.
2. The global economic outlook has deteriorated sharply since September 2008... In India too, there is evidence of a slowing down of economic activity.
3. Fall in tax collections is another problem for Government.
4. Services sector will see single digit growth after 3 years.
Q3 Results analysis:
Bartronics: Exceptional results. 90% increase in consolidated sales and 150% increase in consolidated net profit. Bartronics India would enter into agreements with the government agencies of India and Singapore for a potential business of Rs 5,000 crore.
Good results: NMDC, Core Projects, Everonn Systems, Educomp Solutions, Sun TV, UTV Communications, Voltamp Transformers and Opto Circuits.
Slight Disappointment: BHEL
Negative surprise: Glenmark, Lupin and Tata Power.
Worst results: Tata Steel, Mercator Lines, KRBL, SAIL and REI Agro.
Good articles:
1. Job prospects in IT business. Must read for IT employees.
Recession news:
1. Job losses: 5.1 crore people will become jobless in 2009, according to International Labour Organization (ILO). Global unemployment rate is around 6.1%.
2. Bloomberg on USA economy: New-home sales collapsed, durable-goods orders slumped and a record number of Americans collected unemployment benefits.
RBI takes a break, GDP growth expectations lowered
RBI announced its much awaited policy on 27th January 2009. All the key rates – repo rate, reverse repo rate and Cash Reserve ratio (CRR) were kept unchanged and held at current levels. More importantly, inflation targets were marked down from 7% to a much lower 3%. Market participants had raised hopes for some sort of rate cuts this time around on the back of increasing slowdown and fall in inflation levels. The RBI has also revised the GDP growth for 2008-09 from 7.5-8% to 7% with a downward bias.
In fact, RBI admits that the global scenario has deteriorated since its Mid-term Review in Oct 2008. RBI says the Centre is expected to suffer revenue losses from lower direct tax collection on account of the economic slowdown. Further, the Centre is likely to lose revenues worth about 0.6% of GDP due to cut in excise and custom duties. The RBI had cumulatively reduced CRR by 400 bps since mid Sept 2008 leading to releasing of additional Rs.1,60,000 crore of liquidity. RBI points out that expansion of credit by PSU banks were much higher this year than in previous year while the same is lower in case of private and foreign banks.
Bulls View: Alas! This comes as a good sign that the private banks have shown signs of rationalization of expectations, while dealing in loan offerings, as is evident from the above statement from RBI. This may slowly lead to further reposing of faith of stake holders of private banks with them. At one point in time, banking sector (especially private banks) was accused for over-exposure of loan disbursal to risky assets like real-estate and construction.
Though, public sector bank are quite ahead in the game now, in terms of faith they enjoy from general public and shareholders alike, they are leading the banking pack on the credibility that they being public enterprises are more cautious & due-diligent. Investors are favouring bank fixed deposits (FD) of public sector banks than their private counterparts. Though, even public sector banks need to be very cautious in such environment when scams like Satyam Computers have unravelled itself on the horizon. They need to undertake thorough due-diligence measures while dealing in deposits of gullible public.
Why not 'Vibrant India'?
We're constantly hearing about slowing economy and lack of enough demand to spur growth and consumption. Recent developments Vibrant Gujarat Global Investor's Summit 2009 has shown that in spite of slowdown trickling into Indian markets, a right business strategy coupled with lucrative prospects can herald a successful beginning of dawn. 'Vibrant Gujarat' is the case in point, which witnessed a clutter of business groups coming together in Gujarat as a preferred global destination. As many as 45 countries participated and over 8000 MoUs were signed which depicts that there is demand for a good story with lucrative offering with Governmental support. Such large scale operation can generate tremendous employment opportunities as against the painful layoff news that we get to hear from world over, especially developed western countries.
Humongous investments are promised in the said 'Vibrant Gujarat' summit in prominent sectors like Power, Urban development, Special Investment Region, Ports, SEZ and financial sector etc. If the same set of amenities, offerings and infrastructure facilities are replicated by other states of the country – it would be unimaginable as to the opportunities it will create for India not only in terms of employment but also investments into the country.
Can India do it as nation as a whole?
Which other leaders can lead from front to show resilience like Narendra Modi?
Can India come out of its corruption image?
Can India over-come its poverty & illiteracy?
Can India build an unprecedented business committee?
Will L&T get de-rated?
In my previous 'Guest post', I had written about various options available to L&T about its Satyam stake and its intentions for raising stake in Satyam from 4% to 12% recently. The 3rd option that was pointed out by me as to how L&T may have decided to play a short to medium term gamble of buying incremental stake in Satyam over and above 4% of their initial stake and than play a wait-n-watch game to see whether they can stand to get fair deal to go ahead with Satyam deal. If not, they can exit the investments at a higher price at a later date when there is some other conducive counter bidder for the counter.
Mr Naik, Chairman of L&T, admitted (on 27th Jan) that if the deal doesn’t go through well in favour of L&T, they are certainly open to offloading their stake at a higher price, once the stock price recovers on the news of new bidder. The possibility is open if all does not go well, though that is not a preliminary intention, but intention of last resort. So, in short, intention was always there on L&T's side to play a 'Trial &Error" game, for the time being thus leading to some amount of speculation. In order to average their initial stake of 4% in Satyam which was bought at higher levels, they went on buy further stake- to bring down their cost from approximately Rs.174 to Rs.80/- now.
The speculation is catching more and more fire. Investors of Larsen and Toubro, which was considered as a very professional management, are a bit confused and somewhat disappointed on the decision of the company to fit their strategic interest with Satyam at current juncture which is fraught with lack of enough clarity as of now. This clearly reflects in the falling prices of the stock of L&T since the news that the company raised its stake in Satyam which was approximately 2% to start with.
Domestic/Global news:
1. Crucial Results this week: SAIL, ONGC, HPCL, BPCL, L&T, Suzlon, BHEL, Tata Power, IDFC, Hindalco, Tata Motors, IVRCL Infra, M&M, Grasim and Unitech.
2. According to the Nov 2008 update of the World Economic Outlook issued by IMF, global read GDP growth is projected to decelerate from 3.7% in 2008 to 2.2% in 2009.
3. Mangalore Refinery &Petrochemicals Limited (MRPL) posted negative GRMs and net losses in the December Quarter – for the 1st time in the last 5 years.
4. The Chinese economy grew by just 6.8% during the Dec 08 quarter as against 9% in the previous quarter. For many Analysts who were betting on China to support the world economy, this sharp deceleration in Chinese economy's growth can be a big poser as to which destination to fall on to ensure revival in the world economy?
5. Tobacco exports jump 13% on global demand. India exported worth Rs.2428 crore between April & December against Rs.1508 crore in the same period last year. This buoyant numbers were on the back of shortfall in output in other major tobacco producing countries.
6. HUL posted a 12.7% rise in profits of October-December quarter compared to year ago period. HUL derives little less than half of its sales from urban areas.
7. Price of Primary articles increased from 4.49% to 11.64% from Jan 12, 2008 to Jan 10, 2009, while that of manufactured goods increased marginally from 4.57% to 5.90% for the same period.
Bulls View: This is where public, in general, are grousing (complaining) that the prices of primary articles which are necessities are not declining. People are hearing from every nook and corner that slowdown has set in and commodity prices are coming down, but when primary article prices don't come down sharply, the real benefit of lower inflation does not get pass through to the public in a convincing manner.
8. Fuel price cut: The Government has cut petrol prices by Rs..5 a litre, diesel prices by Rs.2 per litre and LPG rates were also brought down to by Rs.25 pe cylinder, on the back of softening international fuel price. As per reports, state run oil firms are still losing over Rs.30 per LPG cylinder.
Bulls View: With the current slashing of fuel prices, we'll see sharper fall in inflation data in the numbers that shall be announced a fortnight later. Slashing of fuel prices leads to fall in overhead expenses of transportation. Diesel contributes a big part of transportation expenses being a widely used fuel resource by trucks. According to some estimates, Inflation will move below 2% or even 0% over a period of time.
Technical view on Nifty:
Nifty is currently trading in the broad range of 2500-3200. Recently, it was trading in a narrow range 2840-3200. Nifty levels of 3200 were tested 3 times and failed to get cross over above this crucial resistance levels, leading to break down from the narrow range. Currently, Nifty is in the down trend in the range of 2500-2850 levels. Even the primary trend is down.
Short-term traders can remain short on the markets since Nifty levels 2850 are breached on the downside on closing at weekly basis. Stop Loss (SL) to be maintained by short-term traders be Nifty 2920. They can look to square up their positions around Nifty levels 2500-2550. It is quite unlikely that the Nifty will cross 2920 and go on to test 3200 levels again in the short-term horizon. Traders with no open positions can as well go short on any substantial rally with the same SL of 2920.
The very near-term trend changes to POSITIVE only if Nifty again crosses 2990-3050 levels on closing basis.
Yesterday, there was just 1 trade possible, short with day's high as SL, with 1st tgt as 2818, and nifty hit exactly that low before falling further.
numbers worked like magic there.
for today, my eyes are on 2796, and as a bear, i need a closing below this level to see 2580 in the coming week.
Also Dow closing below 8170-80 may mean that it may fall further down on friday's session.
For Intraday Support - 2796-2758-2739Resistence - 2831-2852
BUY NF ABOVE 2880 SL 2840 TARGET 2940/2990
SELL NF BELOW 2840 SL 2880 TARGET 2777/2730
STOCKS GAME-
BUY ANDHRA BANK ABOVE 55 SL 53 TARGET 57/59
BUY AXIS BANK ABOVE 435 SL 425 TARGET 445/460
BUY ACC ABOVE 505 SL 495 TARGET 515/525
BUY DENA ABOVE 35 SL 33 TARGET 37/39
BUY EDUCOMP ABOVE 1800 SL 1750 TARGET 1850/1900
BUY HINDALCO ABOVE 46 SL 44 TARGET 48/50
BUY JPASSOCIATE ABOVE 70 SL 67 TARGET 73/76
BUY MARUTI ABOVE 545 SL 535 TARGET 555/565
BUY PETRONET ABOVE 36 SL 34 TARGET 38/40
BUY PFC ABOVE 135 SL 132 TARGET 138/141
SELL ABB BELOW 465 SL 480 TARGET 450/435
SELL AKRUTI BELOW 860 SL 875 TARGET 845/830
SELL BHARTIARTL BELOW 625 SL 640 TARGET 610/595
SELL CIPLA BELOW 190 SL 195 TARGET 185/180
SELL OFSS BELOW 560 SL 580 TARGET 540/520
SELL GLAXO BELOW 1150 SL 1165 TARGET 1135/1120
SELL ITC BELOW 175 SL 178 TARGET 172/169
NIFTY (2823.95)
Support : 2785 / 2750 / 2710 / 2690
Resistance : 2850 / 2870 / 2910 / 2935 / 2960
SENSEX
Support : 9140 / 9045
Resistance : 9355 / 9475
NIFTY FUTURE(2796)
Support : 2755 / 2715
Resistance : 2855 / 2915
NIFTY FUT OI up 29.98% with 64% increasing volumes indicating forming of short positions.
Above 2850 levels, short covering expected. Below 2800 levels more weakness.
On the Friday,Opening is Flat to Down,
Stay Short Below 2780,Sl Above 2800,Tgt 2755-2730-2705-2670,
Sustain Above 2810,Buy with Sl Below 2790,Tgt 2825-2850-2880-2925.
HERO HONDA LOOKING HOT AND FIERY
Buy BPCL Above 390/95
Buy NTPC Above 190,Tgt 195/205,Sl 185
Buy UNITECH Above @32,Tgt 35-40,Sl 30
Buy INDIAN HOTEL Above 38,Sl 35,Tgt 40/43/45+
Buy HINDALCO Above 42,Sl 40,Tgt 45/50/55+
Buy BAJAJAUTO Above 480,Tgt 495-505-515,Sl 465
Buy COLGATE Above 415,Tgt 425-430-440,Sl 410
Buy NTPC Above 190,Tgt 195-200-205,Sl 185
Sell SBIN (1099 ),Sloss Above 1115,Tgt 1075/1060
Sell SAIL Below 80,Tgt 77-75-67,Sl 82
Sell STER Below 265,Tgt 260-255-245,Sl 270
Buy Above 153.5,Sl 152,Tgt 155/158
Sell Below 150,Sl 152,Tgt 148/145
Buy Above 633,Sl 628,Tgt 640/650
Sell Below 622,Sl 628,Tgt 615/605
Buy MTNL Feb@ 72/73,Sl 70,Tgt 74.5//75.9/76.7/77.4/78.1 (
Sell TV18 Feb@ 70/68,Sl 73,Tgt 67/66/65.7/64.3/63.8/61.8 (
Rs vs $ :- weak due to pumped up dollar demand from oil importers facing month-end import commitments, with weak shares adding to the gloom.
JEERA :- extended fall sharply as traders continued to cash out of the market after prices rose more than 7% since Jan 19.
PEPPER :- extended fall sharply reversed its brief afternoon gains and ended lower on profit-booking.
SUGAR :- extended fall in volatile trade as traders speculated millers have been signing raw sugar import deals expecting a change import policy.
GUARSEED & GUM :- extended fall on profit-taking and a weak spot market. NCDEX Mar contract has risen 13% so far during the month on improved export demand amid dwindling arrivals.
MENTHA OIL :- gain on short covering & profit booking after last 3-days fall while trading seen this ahead of near month Jan contract expiry but price looks in range bound on higher exports, good demand but lower interest from stockiest.
TURMERIC :- extended fall at lower freeze of 4% due to a slight rise in arrivals and heavy profit-taking.
MUSTARD SEED / SOYBEAN :- extended fall tracking weak Malaysian palm prices and falling spot prices.
NCDEX
| Commodity | Contract | S2 | S1 | LTP | R1 | R2 | View |
| | | | | | | | |
| Barley | April' 09 | 900 | 915 | 927 | 935 | 950 | Wait for View |
| | | | | | | | |
| Castor Seed | Feb' 09 | 435.5 | 441.5 | 446.8 | 454 | 462 | Sell Below 441.5,Sl 445,Tgt 438.5/435/430/425 OR Sell Ard 453/54,Sl 455,Tgt 449/47 |
| | | | | | | | |
| Chana | Feb' 09 | 2255 | 2290 | 2316 | 2335 | 2360 | Buy Only Abv 2335,Sl 2320,Tgt 2350-60/2395-2405 Atleast in Coming Days OR Buy Arnd 2264/66,Sl 2260,Tgt 2280-85, Only Blw 2255 DownTrend Starts |
| | | | | | | | |
| Chilli | Feb' 09 | 4770 | 4850 | 4885 | 4960 | 5010 | Buy Only Abv 4980/5000,Sl 4960,Tgt 5040-50/5140-5200 OR Buy Arnd 4780-82,Sl 4770,Tgt 4825-50 |
| | | | | | | | |
| Undecorded Cotton ( | Mar' 09 | 495 | 499 | 503 | 511.5 | 515 | Sell Only Below 501/499,Sl 503,Tgt 495/Down Rally OR Buy Only Abv 511,Sl 509,Tgt 513.5/515/Close Abv Test 520/23 |
| | | | | | | | |
| Guar Gum | Mar' 09 | 3450 | 3500 | 3550 | 3600 | 3640 | Sell Below 3540,Sl 3555,Tgt 3500-3455 OR Sell Ard 3630-35,Sl 3640,Tgt 3600-3580 |
| | | | | | | | |
| Guar Seed | Mar' 09 | 1620 | 1635 | 1620 | 1670 | 1685 | Expect Price to Test 1590-1565 as Long Resist of 1660 (Sell on Rally Advisable) Fresh Sell Below 1610,Sl 1622,Tgt 1590-85 OR Sell Ard 1652-56,Sl 1660,Tgt 1640-30 |
| | | | | | | | |
| Gur | Mar' 09 | 739 | 750 | 762 | 765 | 775 | Buy Abv 765,Sl 762,Tgt 770/775/Towards 800-810 in Coming Days OR Buy Ard 743-44,Sl 742,Tgt 750/55 |
| | | | | | | | |
| Jeera | Feb' 09 | 11550 | 11650 | 11700 | 11800 | 11925 | Buy Only Abv 11925,Sl 11875,Tgt 12000-10/12090/12150/Uprally OR Sell Only Below 11575,Sl 11630,Tgt 11515-11425 |
| | | | | | | | |
| Kapas SN | April' 09 | 487 | 492 | 496 | 500.5 | 504 | Sell Below 493/492,Sl 495,Tgt 492/Below Towards 485 OR Sell Ard 503-504,Sl 505,Tgt 500-495 |
| | | | | | | | |
| Maize | Feb' 09 | 832 | 845 | 851 | 862 | 873 | Sell Below 845,Sl 852,Tgt 835-30/Below Down Rally OR Sell Ard 868-70,Sl 873,Tgt 860-55 |
| | | | | | | | |
| Pepper | Feb' 09 | 12100 | 12275 | 12100 | 12575 | 12700 | Expect Price Towards 11700-11500 as Long Resist 12600 (Sell on Rally Advisable) Sell Below 12050,Sl 12150,Tgt 11900-850 OR Sell Ard 12360-375,Sl 12400,Tgt 12250-200 |
| | | | | | | | |
| Potato | Mar' 09 | 545 | 555 | 565 | 570 | 578 | Wait for View |
| | | | | | | | |
| RM Seed Jaipur | Feb' 09 | 489.5 | 494 | 492.7 | 506 | 510 | Sell Below 489-87,Sl 491.5,Tgt 485/Towards 472 in Coming Days OR Sell Ard 500-501,Sl 502,Tt 497-95 |
| | | | | | | | |
| Sugar M 200 | Feb' 09 | 2020 | 2035 | 2055 | 2080 | |
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