Market Musings
I believe that market has stabilised by now after the huge up and down in the entire last week where traders were direction less.
I know your memory is too short. I also know that you are not going to give any credit to me for my remarkable calls in last 2 months where I have brought all of you from 2500 to 4400 painlessly. I had set RELIANCE CAPITAL target of Rs 900 when it was Rs 300, BOMBAY DYEING Rs 480 when it was 125, ABAN 1000 when it was 300, RIIL Rs 1200 when it was Rs 270, RIL 2500 when it was Rs 900, BEML Rs 300 target 1000 plus etc and there are 100 such stocks which have rose more than 100%.
Last 15 months were bad for everybody where even the best ones like RJ, Enam, failed. Yet the fact remains I had the advantage of early movers. The net wealth of those who had retained faith in me and held their stocks even in crisis time have recovered 4 times and now stands to almost 50% levels from their peak valuations.
Now it is not going stop here and will guide to scale through SENSEX 21000 and NIFTY 7500 in calendar year 2010 and to SENSEX 41000 by 2014 which means I have another 5 years with me for making your wealth.
The best small cap picks which will rise by 500 to 1000% in next 3 years are…ASIAN OIL, GREMACH, JEYSWAL NECO, MSP STEEL, VISHNU CHEMICALS, SANDUR, SS DUNCAN, RDB, ENTEGRA, TRIGYN, SILVERSMITH, TRIVENI GLASS, ADHUNIK, KAMANWALA, AFL. How much risk you need to take is your call. Most of these stocks have either doubled or tripled but no where close to their peak valuations. RIL rose from 900 to 2500 and very close to its peak of 3200. It will cross 3200 and will also cross 5000 when Nifty will become 7500 but the appreciation will be only 100% which is excellent for safe heaven class investors. However for risk takes the returns has to be 500% because some companies may fail to deliver and hence the average return could be only 200% which is still better than 100%. By the time Nifty test 7500 all these aforesaid stocks will touch their previous highs for sure. If you do not enter now you will make history again buying stocks at the top and lat leg rally of the market.
Please note that we are in a bull market and Dow is heading for 16000. When we set 14500 target there was not a single one to speak about recovery. Now we are already crossed our target of 14500 and you are seeing most of the global analysts are becoming bullish. So far only 3 billion USD has come. We expect 35 billion USD. New government plans to present budget by July 31 which will hold the market for entire June.
NAGARJUNA FERTILISER was the first pick on the basis of zero FII holding. We had also stated that GAS story will take place. We had initiated buy call at Rs 13 with target price of Rs 38. The stock is now heading to Rs 100 plus in next 12 months with the same old wine in new bottle. Similar stories are alive in our calls BOMBAY DYEING target is Rs 1000, RIIL target 2000 and ABAN 2000. VISHNU CHEMICALS will cross 3 digit very soon and thereafter it will become another Kemrock.
Trading
BIOCON 170: Buy with stop loss at Rs. 150 targets 200-220.
SUBHASH PROJECTS 98: Buy with stop loss at Rs. 86 targets 110-125-150.
ARCHIES 68: Buy with stop loss at Rs. 58 and targets 90-100.
GMDC 88: Buy with stop loss at 77 targets 115- 125.
WWIL 20.75: Buy for short term with stop loss at Rs. 17 with targets 32-35.
AFTEK INFO 12.50: Invest at Rs.10. Price may hit the top of Rs. 25-30.
ESCORT: for short term target of 62- 64-68
RELIANCE COM: for short term targets 340 -344
Tit Bits
It appears that the shares of SATYAM will be rigged up as the 20% offer from the management will open shortly. It has already moved up higher than the offer price. If it goes to Rs.65 plus levels no one will offer, the shares and the management can save the trouble of paying money for additional 20%
JVL AGRO 117: A Mumbai based fund manager has advised its clients to invest on the counter. The company has earned net profit of Rs. 34.18 crore on the gross turnover Rs. 1406.84 crore during FY 2008-09. Investors may plan investment in the scrip for long term.
SIMPLEX CASTING 58: Leading broker of a well known financial institution has recommended investment in the share. Considering the sound quarterly results of the company investors should invest on the counter at every dip in the price.
The Indian stock markets may have become the toast of the world after the clear mandate given to the UPA led alliance but one Jim Rogers thinks otherwise. One of the most successful and outspoken investors of our times believes that the promises made by the government are nothing new and he has been hearing the same thing for the past thirty years. "You've got the wind in your face doing business in India, you've got the wind in your back in China", is how the fiery Rogers chose to put it across. Rubbing more salt into India's wounds, Jim Rogers sees fantastic opportunities in Sri Lanka as the country limps back to normalcy after the end of the war. Even after being one of the fastest growing economies in recent times, Rogers has always remained a staunch critic of India, slamming the country for its poor infrastructure and bureaucratic shackles.
The southwest monsoon hit Kerala on Saturday, two days earlier than predicted. Weathermen expect the monsoon to strengthen and spread out over southern and northeast India. In Hyderabad, Met officials predicted the onset of monsoon in Andhra Pradesh on May 28. “The monsoon may arrive in three or four days, first in Rayalaseema,” said, Mr G.Subba Rao, meteorologist, City Meteorological Centre.
A depression in the Bay of Bengal is likely to intensify into a cyclonic storm and move north towards West Bengal and Bangladesh, he said. Under these conditions, southwest monsoon is likely to further advance over the northeastern states and Gangetic West Bengal. A senior scientist of the Indian Meteorological Department Centre in Thiruvananthapuram told this correspondent that all the parameters assessed by the IMD suggested the country would get above average rainfall this time.
“This year’s monsoon is likely to be 96 per cent of the long period average of 89 cm,” he said. “This means good rains.”
Investment Updates
INDIAN METAL & FERRO ALLOYS LTD having book value 226, paying 100 % dividend, EPS of 122, company has own captive iron mines, power plant & ferro alloys units. Stock looks very attractive at current levels.
MARKSANS PHARMA Rs.5 is attracting good buying from short-term informed investors and traders.
Mr. Mark Saldanha, Managing Director & CEO, was associated with Glenmark Pharmaceuticals Ltd. as a whole-time director and was instrumental in its growth in the mid and late Nineties, before promoting Marksans Pharma. He is well versed in the overall management of this company and has vast experience in managing the marketing, production and finance function of the company. This is a Re.1 paid-up stock with a yearly high/low of around Rs.22/4. In January 2008, the stock had touched a high of Rs.350 but at that time it was Rs.10 paid-up.
GULF OIL Rs.51, new developments are said to be taking place. Stay invested for better targets.
Investors can continue to hold infrastructure stocks for strong growth over the next few years. Few such stocks are HCC 102, HIND. DORR OLIVER 69, JMC PROJECTS 115, PRATIBHA INDUSTRIES 137, GAYATRI PROJECTS 131, MADHUCON PROJECTS 120, JAIHIND PROJECTS 68, GAMMON INDIA 156.
MADHUCON PROJECTS Rs.120 was recommended around Rs.46 a few months back. Long term investors should continue to hold for target price of above Rs.250 in the next one year.
VALECHA ENGINEERING Rs.67 has won two projects aggregating Rs.136 crore in the infrastructure segment in Delhi and Srinagar. One of the orders valued at Rs.71 crore is for road resurfacing of a runway at Srinagar and the other order of Rs.65 crore is for construction of an under pass near the domestic airport at Delhi.
Stock is looks attractive for investment. Book value of the stock is around Rs.110 while its 52-week high is Rs.120. Investors can keep a watch to add this stock on dips around Rs.60 level.
UFLEX LTD Rs.86, the flagship company of the Flex group, is a leading flexible packaging company engaged in manufacturing, developing and marketing flexible plastic materials and rotogravure cylinders and shims. Its products comprise of polyester films, metalized and specialty films, BOPP films, poly films, polyester chips of different grades, various combinations of packaging laminates, rotogravure printing, anilox/coating rollers for flexo printing and holographic embossing.
Despite competition, the future of the packaging industry is good. India's packaging market has an average growth of 14-20% per annum, which is expected to double in coming years with the change in consumer needs and large scale retailing.
The company had repurchased 450 FCCB aggregating $45 million. The buyback of FCCBs will help reduce the liabilities of the company.
Uflex net profit surged to Rs.105 crore for FY09 from Rs.60.51 crore in FY08 while sales shot up to Rs.1611 crore against Rs.1340 crore in FY08 leading to an attractive EPS of Rs.16.18. The company has paid 40% dividend over the last two years. At current level, the stock looks attractive for investment.
FIRST LEASING Rs.44, an AAA rated company looks very attractive with consistent dividend record for the last 34 years. Book value of the share is around Rs.90 and the dividend in the last four years was around 22.5%.
The company’s risk asset portfolio includes some of the world's largest multinationals and Indian giants. Thus its 'Receivables' are in excellent hands. This claim is substantiated by the fact that its net NPAs was nil as of 31 March 2008. The company is expected to report good growth in coming years as many of the yield stocks like PSU banks stocks have flared up recently. This stock is still available at attractive price. Accumulate this stock to get double benefit of good dividend yield and capital appreciation too.
GIC HOUSING: The Company provides housing loan services to residential flat construction companies. Performance of the company during FY 2008-09 was very sound with net profit up by 38.80 per cent to Rs. 17.09 crore. Gross income of the company has increased by 8.1 per cent during the period to Rs. 82.19 crore. Company has equity capital of Rs. 53.85 crore. Board of directors of company have already announced 40 per cent dividend at the time of annual results. Invest on the counter with expectation of sound financial performance during next few quarters.
SHARYANS RESOURCES Rs.84 is into real estate development shares and debts broking business. The company continued to build its business in an organic manner besides exploiting inorganic growth opportunities by acquiring ITI Financial Services Ltd., a top retail broking and distribution outlet based in south India whose retail distribution extends over 150 centers in 5 states to over 20,000 clients. The company holds 40% in Edelweiss Real Estate Advisors Pvt. Ltd., which manages the Edelweiss Property Fund – 1; a close ended Real Estate Fund with an Rs.1.1 billion (Rs.5000 crore) corpus. The fund is now more or less fully invested.
At present, both real estate as well financial sectors stocks are attracting buying.
SAI Consulting Engineers Pvt. Ltd., a Sharyans associate, empanelled with reputed institutions has bagged some prestigious orders and has also increased its gross revenues and profitability last year. SAI is an established and trusted name with a resource pool of over 400 engineers qualified in various genres. Run professionally with technically sound and experienced manpower, SAI has strengthened The Company’s project management bandwidth. The promoter holding has gone up from 52.24% last year to 55.36%.
As indicated earlier, Q4FY09 results of REVATHI EQUIPMENT Rs.560 are very discouraging but we may see a sharp improvement and turnaround from the current quarter onwards as per industry sources. Sandvik International is likely to acquire its drilling equipment division at attractive valuations, which may push its stock price to attractive levels.
RUBY MILLS Rs.587 is said to be developing 12 lakh sq. ft. IT park at its prime location, which is likely to be ready by March 2010. Thereafter, it will begin the second phase of similar size at the same place. In the last Bull Run, this stock was recommended at just Rs.84 and profit booking was advised between Rs.1600 and Rs.2000 level. Stay invested or add in small quantities on dips around Rs.400 level.
ASHIANA HOUSING Rs.51 There is promoter buying in the stock in the last few weeks. Investors can continue to hold this stock with an expected upturn in the real estate business. Due to stable government and lower rate of interest, this stock can touch the Rs.100 level.
NEYVELI LIGNITE: The Company is in the production of coal based lignite. The company has equity capital of Rs. 1677.71 crore and book value of Rs. 538.87 crore. The company has earned net profit of Rs. 1101.57 crore from the gross income of Rs. 2981.65 crore during Q4 ended in March 2009, which has resulted in to EPS of 6.57. Company has already paid 10% dividend and has a PE ratio of 14.31. Investors may plan investment on the counter in a phased manner.
THERMAX Rs.372 Q4 results are better than the expected and the stock price has gone up sharply from the recommended level of Rs.170 a few weeks back to the current level. Investors should book part profits or switch partly to BAJAJ ELECTRICAL or even SUPREME INDUSTRIES for good long-term growth.
EID PARRY Rs.250 has flared up sharply to around Rs.275. Book 30% of profits and switch to a defensive stock like ANDHRA SUGARS, which can give a good dividend yield and reasonable capital growth.
BANK OF MAHARASHTRA posted the 4th Quarter results showing Rs.137 as the net profit where as for the earlier 9 months it had earned only Rs.230 crore as the share has moved from a low of Rs.29 to Rs.36. It is projected that the bank will report an EPS of Rs.10 in the current year against Rs.5.97 for March 09. The share can cross Rs.50 mark in medium term. It pays 20% div.
GODAWARI POWER & ISPAT: For the year ended in March 08 it had a sales turn over of 956 crore and reported a net profit of Rs.94 crore on a capital of Rs.28 crore. That yielded an EPS of Rs.33.16 and declared a dividend of 40%. The Rs.10 paid shares have a book value of Rs.136.
PRITHVI INFORMATION: It has reported a net profit of Rs.32 crore for the last three quarters. Even if it reports a net profit of Rs.8 crore for the fourth quarter, its full year’s net will be around Rs.40 crore against a small capital ofRs.18 crore that will yield an EPS of Rs.20 plus. A very remarkable feature is its book value per Rs.10 paid share that is Rs.224. There were rumours that it has some products, which will give synergy to some of the big boys like Wipro and there are talks of a take over
USHA MARTIN is one of the leading producers of speciality steel. The company is domestically the largest and globally the second largest wire rope manufacturer. Usha Martin plans to increase its capacity to 0.7 million tonnes (MT) by Q3FY10 and then to 1 MT in FY11. This will happen with an increased share of value-added products such as wires, wire ropes, bright bars, strands, etc. The company has a wide marketing and distribution network in India as well as abroad. Usha Martin's international distribution and networking set-up has been operating since the early 1990's. It has a presence across major consuming markets of the world. The company has various overseas subsidiaries, with manufacturing facilities in Bangkok (Thailand), Dubai (United Arab Emirates), Houston (US) and Nottinghamshire (UK). In addition, Usha Martin has distribution facilities at Glasgow (UK), Johannesburg (South Africa), Singapore and Sydney (Australia). Recently, it has also acquired a distribution and rigging company in the Netherlands . With this wide network, the company has the benefit of adjusting its focus into different geographical locations according to the demand scenario.
Consolidated net sales for Q4FY09 came at Rs 706.45 crore, up 5% YoY but down 4% QoQ. The EBITDA margin fell by 377 bps YoY (260 bps QoQ) to 14.45%, as higher raw material cost mainly on account of coking coal continued to weigh. For the full year FY09, the EBITDA margin, however, stood at 18.01% due to stronger performance during Q1FY09. On a consolidated basis, as expected, both sales volume (most products) and the realisation fell during the quarter. However, despite a severe demand slowdown in the steel space globally the company was able to maintain its satisfactory performance during Q4FY09 also. Net profits stood at Rs 28.83 crore and Rs 185.34 crore, respectively, for the quarter and full FY09 (against our expectations of Rs 30.38 crore and Rs 186.89 crore). The Q4 net profit figure was down 43% and 26% YoY and QoQ, respectively.
PVP VENTURES: The Company is one of the fastest growing Urban Infrastructure organisations in the Country with interests in Realty, Infrastructure and Energy. We estimate our current land bank in excess of 2000 Acres in strategic locations across South India and also expect to develop sizable assets in energy and infrastructure sectors.
Our Perambur Property is spread over an area of 70 Acres, which is intended to be developed into an integrated township of cutting edge designs from global advisors entailing residential, supporting retail and commercial space. The Project would be one of the largest developments of its kind in Chennai with approx 4000 units with a total built up area in excess of 7.5 Million Square Feet. The Project is expected to complete within a period of 7 years. This development is expected to generate an estimated cash flow of Rs. 2000 crore for the Company during this period.
PVP is also in the process of diversifying into power sector and proposes to merge M/s. Malaxmi Energy Ventures (India) Private Limited (MEV) with the Company by way of a Scheme of Amalgamation cum Arrangement. MEV is an organisation focusing on power generation with a management team of proven track record.
Under the Scheme, it is proposed that PVP Malaxmi Energy Ventures Private Limited, a wholly owned subsidiary of the Company, would undertake the energy projects/investments of MEV as a separate vertical. The Company believes that with booming economy, there are several opportunities to be explored in real estate, energy, and infrastructure development and intends to pursue them in near future.
FORTIS: I am extremely bullish in the Health Care as theme going forward. Moreover the promoters are cash rich and can fund their part of the equity with ease. A liberal rights is expected.
TITAGARH WAGONS: The stock has almost trebled from RS 125 levels when it was picked a couple of months back. The stock was hammered primarily because of FII overhang in the holding.
SADHANA NITROCHEM: Nothing great has happened in this stock but I see bright future ahead. Let us await current results for future updates.
IDFC: The focus on infrastructure is going to continue be it any government at the centre. Going forward low interest rate regime shall also aid future outlook for the company. Though it appears to be little over priced at this moment but any correction to Rs 80/90 warrants it to be a long term pick.
MAX: The Company has recently placed a block to investors at Rs 145. I feel that the company has already long through the pain period and is all set to start delivering fruits to its investor going forward.
SARASWATI INDUSTRIAL SYNDICATE: The products of the company namely sugar and engineering products is a very rare combination. With the economy picking up and sugar stocks being advocated by experts in the group I see bright future for the share price prospects and for the company also. The main draw back in this counter is liquidity.
HITACHI HOME: The company's performance has seen a set back during the year. It has recently launched new range of Air Conditioners and the market report is positive.
KIRLOSKAR ELECTRIC: There have been a lot of developments taken place in the company in last year. We have yet to see the results for FY09. It has a strong product profile and am sure that it shall deliver in long run.
Prime Minister along with 15-20 ministers will take oath on 22nd May 2009.
Who is likely to get what in Cabinet 2009:
* Home Minister - P Chidambaram
* Finance Minister - Pranab Mukherjee
* Defence Minister - A K Antony
* Foreign Minister - Salman Khursheed, Kamal Nath or SM Krishna
* Railways Minister - Mamata Banerjee
* HRD Minister - Kapil Sibal
* Agriculture Minister - Sharad Pawar
* Parliamentary Affairs - Ghulam Nabi Azad
* Petroleum Minister - Murli Deora
* Other Ministers - Ambika Soni, Praful Patel, Meira Kumar
UPA government 2009
New UPA government has heralded good times for Indian bourses. NSE Nifty gained highest ever in a week and BSE Sensex it was a best week since March 1992.
4167 is Crucial support.
For the past three days sessions the Sensex has made lower tops and lower bottoms. The Nifty now has support at 4167. If 4167 breaks, then puts need to be bought in the Nifty at the 4100 strike price. Today being a Friday, a close above 4250 will be considered good and anything below 4200 will be seen awful on the weekly charts.
Prediction's Came True - http://stockmarketprediction.blogspot.com/2009/02/bulls-will-back-bse-sensex-will-touch.html
One more Prediction's Came True -
http://www.astrology18 .com/vedicastrology/gujarat_election_2009_prediction.html
Astrology18 Group has predicted in post - http://stockmarketprediction.blogspot.com/2009/05/free-weekly-stock-market-prediction-and_16.html " NEW ASTRO ALERT
See the Power of Astrological calculation we Astrology18 Group will see 10% to 15% hike from current Levels - SENSEX 1200 points - NIFTY 360 points.High trend may continue for week and may on the path to 16,000 points in coming period in Indian Stock Market."
Last week of May 2009 will start from 25th May 2009 and will end on 29th May 2009.
Planetary position during Last week of May 2009
Sun will transit from Taurus.
Retrograde Mercury will transit from Taurus.
Venus will transit from Pisces.
Moon will transit from Taurus, Gemini and Cancer.
Mars will transit from Aries.
Rahu will transit from Capricorn.
Jupiter will transit from Aquarius.
Saturn will transit in Leo.
Ketu will transit in Cancer.
SHARE YOUR THOUGHTS! LEAVE A COMMENTS
Stock Market Prediction for 25th May 2009
Transiting Moon will be passing through Taurus Zodiac sign. Transiting Moon will be in separating aspect with Transiting Saturn, indicates Market may slide down from opening up to 11.00, Again Market may recover from bottom. Some selling pressure will come in Indian Stock Market. Market will be volatile, so be careful.
Stock Market Prediction for 26th May 2009
Transiting Moon will be passing through Gemini Zodiac sign. Transiting Moon will be in applying aspect with Transiting Ketu, indicates Market may under selling pressure up to 11.10. Some recovery may come but volatility will be there, so be careful.
Stock Market Prediction for 27th May 2009
Transiting Moon will be passing through Gemini Zodiac sign. Transiting Moon will be in applying aspect with Transiting Saturn, indicates some good news may come. Market may steady or up side after 11.15. Market may go down between 13.25 to 14.57.
Stock Market Prediction for 28th May 2009
Transiting Moon will be passing through Gemini Zodiac sign. Transiting Moon will be in applying aspect with Transiting Ketu, indicates Market may steady or up side up to 11.00. Market may slide from higher level but BSE SENSEX and NSE NIFTY may recover after 14.15, Be careful and Be cautious.
Stock Market Prediction for 29th May 2009
Transiting Moon will be passing through Gemini Zodiac sign. Transiting Moon will be in applying aspect with Transiting Saturn, indicates Market may steady or up side up to 12.22. Market may slide from higher level, Some selling pressure will come in Indian Stock Market but BSE SENSEX and NSE NIFTY may recover after 14.45, Be careful and Be cautious after 14.12, so be careful.
Technical Analysis
Resistance Level for Nifty will be 4270, 4319, 4324 and 4362. Support Level for Nifty will be 4224, 4212, 4139 and 3918.
Resistance Level for Sensex will be 14043, 14230, 14302 and 14405. Support Level for Sensex will be 13853, 13664, 13602 and 13480.
- Sensex pulls back as expected and may now test the level of 13480 which is gap area. For Nifty similar level comes to 4050-4100.
- As seen in the chart the fibonacci retracement levels are placed at 13300/12300 respectively.
- Momentum line is still lower so we would keep a watch on it in coming weeks.
- Gap area is around 12272-13480. These levels correspond with the fibonacci levels.
Sensex Long Term Elliott Wave Count ::
As per chart in this week we give here a longer term Elliott Wave counts. Please read carefully and take position for long-term vision in every decline
First Weekly chart of Sensex moving as Supper Cycle 3rd of 2nd wave, May be Sensex finish 2nd leg in oct-2008 near 7700.(with w-x-y).. OR.. Still running with Cycle Flat a-b-c of b with w-x-y of last leg y, after complication of y Sensex came down for last Cycle Flat wave c..
If Cycle Flat b still remaining maximum target of w-x-y of y near 18,000 and Cycle flat b min target 16,000...That’s why MAXIMUM target of this Cycle flat in between 16,000 to 18,000 ..(Be careful w-x-y of y already running in target)
Finally In Super Cycle wave count after complication of 2nd wave Sensex start to move up for 3rd Super Cycle wave, target of 3rd wave in between 30,000 to 47,500 within next 3.5 years to 5 years..
(Catch the valuable stock in every decline and build healthy long term portfolio and enjoy the safe ride)
NIFTY MONTHLYCHART
Nifty weekly chart seen breakout and close above major downward sloping line next resistances 4600 and strong support 3793-4000
Last week sensex gained 14.1% and nifty 15.4% respectively sensex close with eleventh consecutive weekly gain. On Monday stock market hit upper circuit twice and made history there was clear mandate for UPA. On Daily nifty chart we are observing before any new breakout or breakdown nifty had spend time in range from top almost five month and trade in 1000 point range after that we had seen breakdown and than nifty trade in 700 point range almost 3month and breakdown after that we had seen nifty had spend more than five month in 700 point range that was 3200-2500 zone and seen breakout but from 3200-4600 nifty had move in just more than month and big gap left behind at least gap needs to be filled or partially filled and nifty should spend time round 3800-4500 zones .If nifty close above 4650 with volume the new range 5300-5500 zone will open and closing below 3790 weakness sign.
BUY NTPC AROUND 217-214 TGT 231>235 STOPLOSS 212
BUY MOSER BAER BELOW 92 TGT 97>100 STOPLOSS 88
NIFTY HOURLY The Indian market opened on weak note saw smart gain in afternoon session and close with green zone. For coming session if nifty trade above 4257 level then it can test 4307-4335 zones. On the lower side trading below 4197 it can test 4163-4150 zones .
NIFTY : (4238.50) Today Nifty face resistance at 4275, if cross 4275 then goes up to 4310 and 4350. Nifty find support at 4179, if 4179 break then fall up to 4120 and 4100.
AXIS BANK : (762.85)
Buy Above 760 target 1-780, target 2-818, stop loss 750
ICICI BANK : (702.65)
Buy Above 700 target 1-730 target 2-752, stop loss 687
SBI : (1732)
Buy Above 1730 target 1-1756, target 2-1844, stop loss 1700
STERLITE : (507.85)
Buy Above 515 target 1-525, target 2-543, stop loss 505
Sell Below 505 target 1-495, target 2-485, stop loss 515
TATA STEEL : (363.65)
Buy above 364 target 1-375, target 2-387, stop loss 360
Sell Below 360 target 1-352, target 2-335, stop loss 364
THERMAX : (371.75)
Sell Below 370 target 1-349, target 2-334, stop loss 385
REL INFRA : (1121.30)
Sell Below 1110 target 1-1085, target 2-1050, stop loss 1125
JSW STEEL : (502.20)
Buy Above 502 target 1-514, target 2-545, stop loss 493
Sell Below 493 target 1-482, target 2-462, stop loss 502
HDIL : (306.55)
Buy Above 305 target 1-314, target 2-320, stop loss 298
Sell Below 298 target 1-288, target 2-275, stop loss 305
MCDOWELL : (823.90)
Sell Below 815 target 1-790, target 2-761, stop loss 825
Nifty Spot.
R-4215/4274/4309.
S-4180/4121/4086.
Nifty Fut.
R-4225/4286/4325.
S-4186/4125/4086.
Sensex
R-13812/14012/14138.
S-13686/13486/13360.
The teacher always wore white, and so his disciple did the same.
The teacher was a vegetarian, and so his disciple stopped eating meat and replaced it with a diet of vegetables and herbs.
The teacher was an austere man, and so the disciple decided to devote himself to self-sacrifice and started sleeping on a straw mattress.
After some time, the teacher noticed these changes in his disciple’s behaviour and asked him why.
‘I am climbing the steps of initiation,’ came the reply. ‘The white of my clothes shows the simplicity of my search, the vegetarian food purifies my body, and the lack of comfort makes me think only of spiritual things.’
Smiling, the teacher took him to a field where a horse was grazing.
‘You have spent all this time looking outside yourself, which is what matters least,’ he said. ‘Do you see that creature there? He has white skin, eats only grass and sleeps in a stable on a straw bed. Do you think he has the face of a saint or will one day become a real teacher?’..........By Paulo Coehlo.
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We admire a lot of people in the public eye, sometimes people think if they studied them they could be like them.Don't you spend all your time looking outside of yourself as your own truth is far more important than any others'. Allow others to follow their truth , have your own beliefs ,be your own legend .. I think we can learn from others, but you can never be me and I can never be you ….Every one's truth is inside of themselves .Most clash over the supremacy of each one's truth in vain. Let each one's truth be....
Unfortunately packaging, branding of all & sundry including spirituality have taken last few generations into its fold that people see less of the content/ truth and more of the gloss/ exterior.
The most important thing is to look within and evolve. From that we go on.
We try to see inside of our own soul - to find this light, to find this love.This love - this light - God - will guide you, will take you places you would never dream of having.
It had been a good trading day on Friday. Nifty certainly tested support zone ( 4185/4220) and closed higher at 4238. But as we had discussed in earlier post, nifty got resistance at 4225 level in morning session and traded lower near 4155, hence giving us a SELL opportunity from 4200 to 4160. However, it got support after European session open( around 1:00 am Indian time) , thus trading higher from 4155 to 4238, giving a good BUY opportunity from 4185 to 4230. If you have been following my previous posts and discussions, then you could see that nifty behaves more or less from the levels mentioned. So even though it may not rebounds from the exact said price levels, but it certainly do the same action from nearby price levels( could be +10/-10 range). So it is your duty to check the price action and patterns to identify the earlier signs for either a new intraday uptrend or down trend. Daily chart shows nifty still in a down trend where as H4 and H1 indicates a new uptrend. So for Monday watch the opening price with respect to Friday’s close ( 4238). If it pulls back to 4220/10 level, then BUY above 4220 with stop loss below 4180 for target at 4285/95. If it fails to get support, then SELL below 4195 with stop loss at 4230 for target at 4155/35. There is a small chance that we might not see major market activities due to spring holiday in US and UK ( long weekend).
NIFTY HAS BEEN RANGE BOUND LAST WEEK AFTER MAKING A ROCKING MOVE.ONE CAN STAY LONG WITH TILL NIFTY HOLDS ABOVE THE SUPPORT OF 3800 ON THE HIGHER SIDE NIFTY HAS RESISTANCE AT 4539-4645-5075.STOCKS TO WATCH OUT FOR IN THE COMING WEEK ARE DISH TV AND GEODESIC INFO.
24.05.2009
So all the tgts given under various dates under weekly scale since last 2 months stands achieved now. As such we are exploring fresh possibility under the weekly scale which is as given below.
so we are entering into week no. 12 of weekly scale impulse from 2540 started on 09.03.09. Within the monthly scale wave 5th or larger B-as the case may be- weekly scale setup have wave count and labelling marked as follows:
Wave1 2252 - 3147 with internal 1-5 subwaves
Wave2 3147 - 2540 with internal abc subwaves
Wave3 2540 >>>>> going on with internal 1-5 subwaves
With tgt1 4750-4850 if crossed then
Tgt2 Will be previous high of 6200-6360
Kindly note that 13 and 21 and 34 are fib no. which generally proves as turning points in weekly scale charts for the internal waves and act as intermediate term tops and bottoms. Let us see as next to next week will be week no. 13. kindly also note that tgt of 4788 as per monthly scale and tgt 4750-4850 as per weekly scale are also coinciding in the range
Note: THE INVALIDATION POINT FOR THIS WEEKLY SCALE POSSIBILITY AS ON TODAY STANDS RAISED TO 3450-3475
ifty : cmp4238 sell in any rally at 4300 + -20pts with XL at 4330 for lower tgt1 4080-4040 and if tgt1 is broken down then tgt2 3750-3800 OR conversely buy at the breakout of 4330-50 range for higher tgt1 4500 tgt2 4800-4850
HDFC: cmp 2117 buy in any dip t/w 2050 with XL at 2050 for the higher tgt1 2380 tgt2 2550 tgt3 2950 OR conversely sell below 2050 for lower tgt of 1875
IDBI: cmp 90 sell with XL at 92 for the lower tgt1 80 tgt2 75 OR conversely buy at the breakout of 92 for the higher tgt1 108 tgt2 138
RELIANCECAPITAL: cmp 903 sell near 930-40 range with XL at 950 for the lower tgt1 820 tgt2 780 OR conversely buy at the breakout of 950 for the higher tgt 1 980 tgt2 1100 tgt3 1300
RELIANCE: cmp 2185 sell in any rally t/w 2250 with XL at 2250 for lower tgt1 2000 tgt2 1850 OR conversely buy at the break out of 2250
For tgt1 2500 tgt2 2800 tgt3 3000
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