Nifty :: White Inside out day with Belt Hold line bullish candle.. As usual volume again low in green candle (Technically bearish sign).. Nifty retrace above 61% from Friday low so we change our contracting triangle label.. D leg may be over at Friday low near 4806 and now moving up as E leg.. Watch strong resistance of E leg in between 5080 to 5130.. Our strategy for 1st Dec. up to 5130 sell at high (S.L 5130) buy in deep (S.L 4993) .. Resistance for up move at 5051/5066/5072/5080/5130.. Supports at 5022/4993/4968/ 4937…
Scan Point Geomatics...........I wrote about this stock as a dark horse and it was something around 17?yes I think that was the rate when I wrote about Scanpoint Geomatics....
Scanpoint Geomatics is making new high and ended at 39.45.....
Well, someone has bought it , I donno whether he has sold or still holding.
I just read that Dr Vikas wrote that he was apprehensive for PAE to go ahead and buy or not but got inspiration from tt comments and now he is confident to buy PAE.
I have been writing time and again that keep the mind open.Don't try to think more if the stock is looking good.Just go ahead and buy it.Buy even a small quantity but buy it.That will keep you tracking that stock and one day when you will find somegthing great of that co you will not repent that I missed a golden opportunity.
One of my friend and a reader of my blog as well, just told me that he was having Kwality Dairy 4000 shares at my recomended price ..i.e. Rs 17 ...but he sold all between 40 and 60...just imagine 4000 shares and Kwality Dairy is Rs 1300.....means 52 lacs rupees.....and the cost of buying is just Rs 68,000 ......Wow!...
People may not believe or do not like my way of seeing things .I know many have apprehesion always that what I am writing is good enough to even have a look or not....because I sometimes comes out with a stock which looks like a JUNK........
I wrote about Scanpoint Geomatics on Aug 6th 2009 means 4 months back and it has runup from 17 to 40 and donno where it will go ........Once stock comes in operators grip then there is no fundamentals and nothing counts.....Can anyoen tell me what is there in Kwality Dairy that it is Rs 1300?
So when I see people giving opinion that certain stock is overvalued and needs to be sold I just laugh at them because they don't know the game of stock market....
Now what will happen is , someone will comeout to ask me whether ScanPoint Geomatics is still a BUY......now that is what I don't want my readers to do....why don't you buy when it is recomended?Why don't you do due diligence and buy it.....buy small quantity but buy it.....
I have already recomended CatVision Product,Frontier Spring, SNL Bearing and many more at very very cheap rate but no one is ready to take a call and go ahead and buy it and then after it runs up by 100% or 200% they comeout to ask me whether they are still buy or not?What is the meaning of that.I actually becomes sad when someone ask me like that.I feel , why didn't you buy it when I recomended it?
I am again writing that if I can pick up multibaggers sitting in USA then anyone can do it from anywhere in the world.
Well, I can understand that not everyone has same pasison and zeal to find such type of stocks.All the things what I do when I go through while finding such stock may not be there for everyone.My mind is just set for it as I have done it for years togather and my hand will go to the mouse to click where I needs to click on bsesite or website of the co.....
But when I have already wrote about a certain stock then one should be able to diggin as much much as he can but that is lacking.
The only thing one can do is either blindly follow me without asking any question, but then there is a problem here, and that is , if the stocks goes down people gets afraid and end up asking me what to do.
And to avoid that one needs to try and find everything one can and then buy it so there is always conviction.I know there are certain things that needs to be read, like taking clue if what is coming that we call it reading between the lines.
I have so much explored different ways that I keeps on analysing them ,like what is the Vol, how much delivary is going ,looking at all the bulk deals daily,looking at the results daily after every qr untill the results stops coming,and many more thing.
One of my friend asked me , he also look at scoreboard of Capital Market whenever it comes and it is always same untill next qr results are declared , so how you find gems from them.....seeing one and one results make no sense and take you nowhere.
But raeding same scoreboard and trying to see the results and Promo holding ,BV,NPM,OPM, etc again and again will get imprint on your mind and when one read something about that Co in Newspaper or somewhere else you will remember the eq, BV etc and your mind will start calculating the statistic immidiately.
This I have been doing for years and I am use to it so I have not to make any effort what I have to do.I have become accustomed to do all that is to be done and that is why I am able to analyse things mush faster then others.
But let me write here that be ready to believe in any story.In stock market anything can happen and remember this bottomline forever.......
Scanpoint Geomatics is making new high and ended at 39.45.....
Well, someone has bought it , I donno whether he has sold or still holding.
I just read that Dr Vikas wrote that he was apprehensive for PAE to go ahead and buy or not but got inspiration from tt comments and now he is confident to buy PAE.
I have been writing time and again that keep the mind open.Don't try to think more if the stock is looking good.Just go ahead and buy it.Buy even a small quantity but buy it.That will keep you tracking that stock and one day when you will find somegthing great of that co you will not repent that I missed a golden opportunity.
One of my friend and a reader of my blog as well, just told me that he was having Kwality Dairy 4000 shares at my recomended price ..i.e. Rs 17 ...but he sold all between 40 and 60...just imagine 4000 shares and Kwality Dairy is Rs 1300.....means 52 lacs rupees.....and the cost of buying is just Rs 68,000 ......Wow!...
People may not believe or do not like my way of seeing things .I know many have apprehesion always that what I am writing is good enough to even have a look or not....because I sometimes comes out with a stock which looks like a JUNK........
I wrote about Scanpoint Geomatics on Aug 6th 2009 means 4 months back and it has runup from 17 to 40 and donno where it will go ........Once stock comes in operators grip then there is no fundamentals and nothing counts.....Can anyoen tell me what is there in Kwality Dairy that it is Rs 1300?
So when I see people giving opinion that certain stock is overvalued and needs to be sold I just laugh at them because they don't know the game of stock market....
Now what will happen is , someone will comeout to ask me whether ScanPoint Geomatics is still a BUY......now that is what I don't want my readers to do....why don't you buy when it is recomended?Why don't you do due diligence and buy it.....buy small quantity but buy it.....
I have already recomended CatVision Product,Frontier Spring, SNL Bearing and many more at very very cheap rate but no one is ready to take a call and go ahead and buy it and then after it runs up by 100% or 200% they comeout to ask me whether they are still buy or not?What is the meaning of that.I actually becomes sad when someone ask me like that.I feel , why didn't you buy it when I recomended it?
I am again writing that if I can pick up multibaggers sitting in USA then anyone can do it from anywhere in the world.
Well, I can understand that not everyone has same pasison and zeal to find such type of stocks.All the things what I do when I go through while finding such stock may not be there for everyone.My mind is just set for it as I have done it for years togather and my hand will go to the mouse to click where I needs to click on bsesite or website of the co.....
But when I have already wrote about a certain stock then one should be able to diggin as much much as he can but that is lacking.
The only thing one can do is either blindly follow me without asking any question, but then there is a problem here, and that is , if the stocks goes down people gets afraid and end up asking me what to do.
And to avoid that one needs to try and find everything one can and then buy it so there is always conviction.I know there are certain things that needs to be read, like taking clue if what is coming that we call it reading between the lines.
I have so much explored different ways that I keeps on analysing them ,like what is the Vol, how much delivary is going ,looking at all the bulk deals daily,looking at the results daily after every qr untill the results stops coming,and many more thing.
One of my friend asked me , he also look at scoreboard of Capital Market whenever it comes and it is always same untill next qr results are declared , so how you find gems from them.....seeing one and one results make no sense and take you nowhere.
But raeding same scoreboard and trying to see the results and Promo holding ,BV,NPM,OPM, etc again and again will get imprint on your mind and when one read something about that Co in Newspaper or somewhere else you will remember the eq, BV etc and your mind will start calculating the statistic immidiately.
This I have been doing for years and I am use to it so I have not to make any effort what I have to do.I have become accustomed to do all that is to be done and that is why I am able to analyse things mush faster then others.
But let me write here that be ready to believe in any story.In stock market anything can happen and remember this bottomline forever.......
About The CompanyApollo Tyres Ltd is a high-performance company and the leading Indian tyre manufacturer. Head quartered in Gurgaon, a corporate-hub in the National Capital Region of India, Apollo is a young, ambitious and dynamic organisation, which takes pride in its unique identity. Registered as a company in 1976, Apollo is built around the core principles of creating stakeholder value through reliability in its products and dependability in its relationships.
Apollo’s present strength and market dynamism steps from its early years of strife in establishing itself as a tyre manufacturer within the closed Indian economy. Over two decades, Apollo worked on a portfolio of products, tuned to customer needs and an array of innovative marketing initiatives to establish itself as a leader in its home market. Some of these include segmenting customers by their load and mileage requirements, running tyre loyalty programmes, establishing customer contact programmes which resulted in better health and driving habits, introducing India’s first farm radials and India’s first range of high-speed tubeless passenger car tyres.
Apollo’s present strength and market dynamism steps from its early years of strife in establishing itself as a tyre manufacturer within the closed Indian economy. Over two decades, Apollo worked on a portfolio of products, tuned to customer needs and an array of innovative marketing initiatives to establish itself as a leader in its home market. Some of these include segmenting customers by their load and mileage requirements, running tyre loyalty programmes, establishing customer contact programmes which resulted in better health and driving habits, introducing India’s first farm radials and India’s first range of high-speed tubeless passenger car tyres.
About The Financial Results
This leading tyre manufacturing company posted a very good set of results for the second quarter ended 30th September 2009. On a consolidated basis, net sales rose 62.12% at Rs.2046.19 crore and net profit was up by 755.33% on YoY at Rs.129.2 4crore.
On a standalone basis, net profit shot up by an unbelievable1209% to Rs 102.1 crore versus Rs.7.8 crore on a YoY. Comparing on a YOY is not all that a true representation of the picture as last September, the recession had set in and hence the base effect would be lower. On a QoQ, net sales was up 3% and net profit was up 8%. So in the true sense, the company has maintained its performance.
Growth in volumes and growth in the passenger radial car helped boost the performance. The recovery in the auto sector is truly being reflected in the performance of Apollo. Its market share in radial tyres currently stands at 25%.
The company, after deferring its plan to set up a greenfield project at Hungary, instead acquired a Dutch company and that gives the company a ready market to tap in East Europe. It is now working full throttle in setting up a Greenfield project in Chennai and this is expected to get on stream by December 09’.
The going is expected to get better. Though raw material costs are expected to go up in the coming months, the company is hopeful of offsetting the rise in cost by rising volumes. Its main raw material is natural rubber and it is currently at an all time high of around Rs 108-110. To offset this, it has also hiked prices by 3% in October.
My personal opinion on this stock with regard to its’ price performance in short to long term on basis of Fundamental analysis , Technical analysis and exclusive multi bagger reliable news sources are exclusively reserved for the registered member with detailing of the same. Only registered member have right to email me mentioning the name and date of registration to ask for the same.
Disclosure : I do not feel any need of giving any disclosure over here , my personal portfolio are always shared with the members.
Upsides possible if Nifty stays above 5050.
Pivot has shot up from 4900 to 5024.
Pivot has shot up from 4900 to 5024.
Weekly High ema @ 5065 resisted the upmove presently.
It was a good day of trade for our market on this first day of the week which was buoyed by spectacular GDP growth figures. Dubai jitters were being felt in the European markets as evident from weakness on their indices but Asian markets closed with good gains. Our Sensex shut shop at 16926, up 294 points and Nifty at 5032, up 90 points from the previous close. CNX Midcap index was up 1.6% and BSE Small cap index was up 2.1%. The market breadth was positive with advances at 1055 against declines of 212 on the NSE. Top Nifty gainers included Tata Steel, Bharti Airtel and Tata Motors while losers included Hero Honda, PNB and Maruti Suzuki.
The Indian market closed on a good note after a calm and steady day of trade. It opened gap up but showed a tremendous rally as soon as the GDP growth figures came in at a strong 7.9%.Market was looking a trigger to correct and dubai crisis given it a reason to correct and taste its major support level of 4800 and from that level we seen decent rally that continued today also and nifty closed closed above its major major immediate resistance of 5000-5025 range.Market is still not out of woods but low made on Friday is very crucial for the time being and as long as market holds current rally may be continue to hold the upside momentum and it will try to kiss its high made recently which is 5115-5135 in the higher side.Still good immediate supports are comes near 5020-4995.
NIFTY (5032.7)
Resistance : 5085 / 5140
Support : 4960 / 4885
SENSEX (16926.22)
Resistance : 17085 / 17240 / 17370
Support : 16825 / 16715 / 16490
NIFTY FUT (5029.9)
Resistance : 5075 / 5115/ 5150
Support : 4995 / 4945 / 4910
MKT COMMENTS
NIFTY FUT OI down 3.11% with 31% decreasing volumes indicating unwinding of long positions.
We expect NIFTY FUT to trade rangebound with volatility.
On Tuesday,Opening Is Flat To Positive,
Buy NIFTY Above 5030/5040,Sl Below 5015,Tgt 5080/5120/5140
Sell NIFTY Below 5000/4990,Sl Above 5015,Tgt 4950/4910/4890
BUY
SESAGOA Above 365,Sl 360,Tgt 370/75/80
MASTEK Above 365,Sl 350,Tgt 380/90/400+
BEL, Sl 1750,Tgt 1900/25/40/50
BOB Above 535,Sl 525,Tgt 550/560+
SAIL Above 200,Sl 195,Tgt 205/10
RANBAXY Above 455,Sl 450,Tgt 460/65/70+
HINDALCO Above 138,Sl 135,Tgt 141/44/47
SELL
BHEL Below 2240,Sl 2250,Tgt 2230/220/210+
GAIL Below 420,Sl 425,Tgt 415/10
RELIANCE Below 1065,Sl 1075,Tgt 1055/45/35
SBIN (2240),Sl Above 2260,Tgt 2220/10/05+
According to a recent report by McKinsey, in collaboration with the World Bank affiliate, International Finance Corporation, in the next two decades, global water consumption will increase from the present 4,500 billion cubic meters (bcm) to 6,900 bcm. This will be 40% more than the estimated reliable and sustainable supply today, if no action is taken to conserve water and use it more efficiently.
The situation in India will be dire as water demand will grow annually by 2.8% to reach a whopping 1,500 bcm while supply is projected at only about 744 bcm, that is, just half the demand, according to the report. This increase will be driven by domestic demand for rice, wheat, and sugar for a growing population, and a growing demand for a better diet. As a result, most of Indias river basins could face severe deficit by 2030, with some of the most populous, including the Ganga, the Krishna, and the Indian portion of the Indus facing the biggest absolute gap.
So, taking into account the estimate of the recent figures and the fact that water is perhaps the resource under most pressure globally, there's a need for an integrated approach of total water management. Saying this, the first company that comes to my mind is Ion Exchange India ltd.
State Bank of India - Stock Ignores Dubai World Debt Crisis
- SBI gaps down at the open along with benchmark indices on Dubai World debt crisis and falls through its 50-day moving average but recovers smartly to close at the top of its trading range and more importantly above its 50-day moving average
- A long position can be opened in the stock with 50-day moving average as stop-loss level which is currently at 2233.50
State Bank of India Daily Chart - November 27, 2009
52 Week High: 2500.0 (October 16, 2009)
52 Week Low: 894.0 (March 09, 2009)
BSE Scrip Code: 500112
BSE Scrip ID: SBI
Today not worked either shorts or longs because of range bound market
between 1st res & 2nd res , Those who traded cleverly may gained 30 points on either side
by using trend changing timings
between 1st res & 2nd res , Those who traded cleverly may gained 30 points on either side
by using trend changing timings
RAJESH.SALADI™
To know what happen today {RIGHT } and what will happen tomorrow {LEFT }click charts :-
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