Todays Intraday Calls And Excerpts of Populist railway budget (Though overshadowed by Sachin’s Double Ton)



Mamata Banerjee presented the Annual Railway Budget for the financial year 2010-11. (Thought overshadowed by Sachin’s Double Ton)

Following are the extracts of railway budget:

  • No privatization for railway department
  • Limited funds available consistent for line addition
  • Special task force to clear proposal for investment in 100 days
  • Time for business partnership with railways has come
  • To come out with 10 year plan ‘Vision 2020.’
  • Plan to raise Rs 100-200 billion in FY’11
  • To launch double-decker trains on pilot basis
  • To complete 1000 km lines in one year.
  • 117 new trains to be flagged off by March 31.
  • Rs 1,300 crore for passenger amenities
  • To set up six bottling water plants via PPP model
  • Not to increase freight tariff
  • All unmanned level crossings to be manned in next five years
  • 381 diagnostic centers to be set up through out the country, also hospitals
  • Center for Railway Research to be set up in affiliation with technical institutes like IIT etc.
  • To set up 12 cos of women RPF
  • To acquire 80,000 new wagons
  • To run 101 suburban trains in Mumbai
  • To introduce 54 new trains in FY’11
  • FY’11 freight Loading Aim at 944 mt
  • To extends routes for 21 trains
  • to set up 10 auto ancillary hubs in PPP model
  • FY’11 gross traffic receipts at Rs 94,800 cr
  • To set up 10 more Duranto trains
  • Service charge on AC class cut to Rs 20 from Rs 40
  • cut freight on food grain, kerosene by Rs 100/wagon
  • to set up more freight corridors
  • FY’11 plan layout Rs 41426 cr
  • To start door to door service for freight movement
  • To sign pact for western corridor pact with Japan Company in March
  • premium service for parcel freight movement
  • to set up dedicated passenger corridor
  • To set up golden rail corridor for dedicated passengers
  • Non Core Biz Revenue seen at Rs 100 billion
  • To beat FY10 freight target by 8 mt
  • More ticketing centers to help the public
  • Pilot project for fire detection
  • Funding for metro rail project increased by 5%

AND ABOVE ALL SACHIN BECAME THE FIRST BATSMAN IN THE HISTORY OF ONE DAY GAMES TO MAKE A DOUBLE CENTURY. IF IT COULD MOVE OUR MARKETS NORTHWARD…

Intraday Calls:
Nifty(Spot): If Nifty(spot) trade above 4875 then some more uptrend in the market upto 4900 – 4920 – 4950, and if Nifty(spot) trade below 4830 then some profit booking in the market upto 4800 – 4780

Intraday Calls :

JSWSTEEL
Buy near 1072
SL 1065
Targets 1082,1090
Or if trades below 1044
Short JSWSTEEL
SL 1051
Targets 1034,1028

MARUTI
Buy near 1374
SL 1367
Targets 1384,1390
Or if trades below 1331
Short MARUTI
SL 1338
Targets 1321,1315

MCDOWELL-N
Buy near 1335
SL 1328
Targets 1345,1353
Or if trades below 1308
Short MCDOWELL-N
SL 1315
Targets 1298,1292

Future Calls:
BUY NATURAL GAS ( MARCH )
ABOVE 227.5
STOPLOSS 224
TARGETS: 231-235-239 .

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Thursday, February 25th, 2010 Intraday Calls

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