Archive for December, 2009

Welcome 2010 … Bye bye 2009



Markets this year had everything for everyone. Our markets gained highest % among all Asian markets. After the election result, our market capital has increased 10,000 cr/sec and hit upper circuit. We never know when this will happen again. But happy, we were at the time that has happened once.
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A section of the investors were seen lowering their market exposure ahead of F & O expiry while others were busy in rolling over to the new Jan ‘10 series. As per reports, rollover of Nifty positions from December 2009 series to January 2010 stood at 58% while the market wide rollover stood at 59%. The Sensex lost 57 points off 96.23 points from the day’s high and up 21.02 points from the day’s low. The Nifty closed 18 points lower at 5169.45 after moving between 5160 and 5197 during the day.

NIFTY

Beacuse of holidays markets are in consolidating phase and may continue upto 5.01.2010.
NIFTY SUPPORT AT 5064-5080 AND THIS IS GOOD BUYING ZONE.
FOR UP MOVE UNLESS NIFTY ABOVE 5200 NO UP MOVE SIGNAL AND SELLING/PROFIT BOOKING EXPECTED AT EVERY HIGH .
ABOVE 5225 NEXT RESISTANCE AT 5262 AND ABOVE IT FRESH UPMOVE ONLY.
OTHERWISE YOU HAVE TO WAIT FOR DIPS.

Intraday Calls

HINDOILEXP

INTRADAY
BUY ABOVE 298
TARGET 308
SL 292

FOR SHORT TERM
BUY 275-282 ZONE
WITH A SL 265
TARGET 308.325

NITINFIRE

INTRADAY
BUY ABOVE 315
TARGET 322-327
SL 304

SHORT TERM
BUY 275-282 ZONE
SL 262
TARGET 327-340

THINKSOFT

INTRADAY
BUY AT CMP
TARGET 335
SL 323

SHORT TERM
BUY 310-315 ZONE
SL 303
TARGET 335-348

COX&KINGS

INTRADAY
BUY AT 448
SL 438
TARGET 456-462

OTHER STOCKS IN UPTREND

ALL THESE STOCKS ARE IN UP TREND AND MOVEMENT EXPECTED WITH IN 15-20 TRADING SESSIONS.
BUY ON EVERY DIPS -

APTECH – (185)
TARGET 202-225

ACC – (871)
TARGET 928

ESSARSHIP –(76)
TARGET- 83-90

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Thursday, December 31st, 2009 Intraday Calls No Comments

Stock Calls For Today

Expect Indian markets to open flat to positive.
The crucial support on the downside for the Nifty is 5100 and resistance at 5250-5387

Also volatility may remain high ahead of F & O expiry

The market ended the week gaining an impressive 650 points with the Sensex closing at 17360. The Nifty too closed the week equally strong gaining 191 points at 5178. Intraday volatility was high during the week as market participants shifted positions in the F & O segment from December 2009 series to January 2010 series ahead of the expiry of the near month December 2009 contracts.

Intraday Calls

BANK OF BARODA
Buy Around 513-514
Target : 519-525
Stoploss : 508
Cash Intraday

Long Call
NRC (National Rayon Corporation Ltd.)
Buy At Opening (CMP : 12.35)
Target : 28-35-40
In 6 Months
GOLD FUTURE (Last trade16805)
The counter after gap up opening on strong global advice moved range bound yesterday till late evening when weaker advice from the overseas gold market forced the investors to unwind their long positions. The gold in subsequent trades thereafter dipped to day’s low at 16731which however, recovered at close. The gold today may gain strength once it trades and remains above 16837 whereby it may move further to 16860/16894. Strong support for the gold exists at 16749 which if breached decisively with volumes then the gold may slide to 16715/16681.

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Tuesday, December 29th, 2009 Intraday Calls No Comments

Stock Market Holidays 2010 – India

Trading holidays for the calendar year 2010

S No

Date

Day

Description

1

26-Jan-10

Tuesday

Republic Day

2

12-Feb-10

Friday

Mahashivratri

3

01-Mar-10

Monday

Holi

4

16-Mar-10

Tuesday

Gudi Padwa

5

24-Mar-10

Wednesday

Ram Navmi

6

01-Apr-10

Thursday

Annual Closing of Banks

7

02-Apr-10

Friday

Good Friday

8

14-Apr-10

Wednesday

Ambedkar Jayanti

9

27-May-10

Thursday

Buddha Pournima

10

19-Aug-10

Thursday

Parsi New Year

11

10-Sep-10

Friday

Ramzan ID

12

30-Sep-10

Thursday

Half Yearly Closing of Banks

13

05-Nov-10

Friday

Diwali / LaxmiPuja*

14

17-Nov-10

Wednesday

Bakri ID

15

17-Dec-10

Friday

Moharram

The holidays falling on Saturday / Sunday are as follows:

S No

Date

Day

Description

1

27-Feb-10

Saturday

Id-e-Milad

2

28-Mar-10

Sunday

Mahavir Jayanti

3

01-May-10

Saturday

May Day

4

15-Aug-10

Sunday

Independence Day

5

11-Sep-10

Saturday

Ganesh Chaturthi

6

02-Oct-10

Saturday

Gandhi Jayanti

7

17-Oct-10

Sunday

Dussera-Vijaya Dashami

8

07-Nov-10

Sunday

Bhau Bhij

9

21-Nov-10

Sunday

Gurunanak Jayanti

10

25-Dec-10

Saturday

Christmas

*Muhurat Trading will be conducted. Timings of Muhurat Trading shall be notified subsequently.

This is the NSE’s circular for trading holidays for currency Derivatives section for the year 2010. The List of Holidays for BSE and NSE will probably remain same.

Provided by FXCommodity.com

 

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Monday, December 28th, 2009 News Updates No Comments

Stock Market Holidays For United States Markets

2010 U.S. Stock Market Holidays

* New Year’s Day- January 1, 2010
* Martin Luther King, Jr. Day- January 18, 2010
* President’s Day- February 15, 2010
* Good Friday- April 2, 2010
* Memorial Day- May 31, 2010
* Independence Day- July 5, 2010 (observed for July 4)
* Labor Day- September 6, 2010
* Thanksgiving- November 25, 2010
* Christmas Day- December 24, 2010 (observed for December 25)

NYSE, AMEX and NASDAQ Early Closing Days 2010

On November 26, 2010, NASDAQ and the NYSE cease trading at 1:00pm EST. On December 24 and December 31, 2010, NYSE cash markets close at 1:00pm GMT.

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Monday, December 28th, 2009 Intraday Calls No Comments

Stock Update/Tips

ECONOMY : Govt indicates that it prefers RBI to refrain fm hiking key policy
rates at this juncture, despite rising inflation.. Govt also pitches for
continuing with fiscal stimuli for atleast two more quarters, indicating the
forthcoming Budget is unlikely to reverse the cuts in excise duty/service tax

RIL : SEBI to consider appropriate action against co for allegedly routing
funds to dummy cos for buying large quantity of its own shares in 2000

HDFC : plans to disburse Rs30bn over the next two months under its spl.loan
scheme launched early this month

REAL ESTATE : HDFC V.Chmn says home loan interest rates are unlikely to move
up even if RBI hikes the cash reserve ratio as there is ample liquidity

L&T : President (Operations) cos sales wud grow at 14-15% in FY10 & op.margin
wud increase to 14% by Mar 10

NTPC : proposes to build a power project in Ghana in retrn for liquified
natural gas

AXIS BANK : puts overseas bond issue on hold as it waits for spreads to
narrow before it raises funds

DR REDDY’s : plans to launch generic version of Lipitor which has annual
sales of >$12bnin US mkts in next 2-3 yrs

BHARATI SHIPYARD : to consider another open offer for 20% more @ Rs 590/share
to acquire mgt control of Great Offshore

WELSPUN GRP: merging 3 promoter owned investment cos into Welspun investments
to unlock value and help raise funds

NIIT : has deferred its plans to raise Rs2.3bn thru QIP

INDUS IND BANK : says it has presented a roadmap to RBI on bringing down the
promoter stake to 10% over the next 2-3 years

PBA INFRA : bags order worth Rs 1.45bn from Oriental Structures Engineers

INDIABULLS FIN : ends JV with Societe Generale for Life Insurance

ONGC : declares Rs 18/shr mid yr dividend

 

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Thursday, December 24th, 2009 Intraday Calls No Comments

Asian Markets

European Markets

Imp Pivot Levels

RSS DStreetDirect

 

December 2009
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