Finance News: India Business News

Friday, February 29, 2008

INTRADAY TIPS [ 28/02/2008]

INDUSINDBK ( IndusInd Bank Limited)
Action..........Trigger Price......Stop Loss....Target 1.......Target 2
BUY ABOVE............100..............99...........102...........105
S.SELL BELOW..........98.............99.5...........97............95

ISPATIND ( Ispat Industries Limited)
Action........Trigger Price.......Stop Loss......Target 1....Target 2
BUY ABOVE...........45..............44.4............46.........47.2
S.SELL BELOW........44.2............44.8...........43.8........42.5


POWERGRID ( Power Grid Corporation of India Ltd)
Action.......Trigger Price.....Stop Loss......Target 1......Target 2
BUY ABOVE.........110.............108............113..........118
S.SELL BELOW......106.............109............104...........99


IRB ( IRB Infrastructure Developers Limited)
Action.......Trigger Price.....Stop Loss......Target 1.......Target 2
BUY ABOVE.........204............199............212............222
S.SELL BELOW......196............202............190............176

PUNJLLOYD ( Punj Lloyd Limited)
Action........Trigger Price....Stop Loss......Target 1.......Target 2
BUY ABOVE..........395............389...........404............415
S.SELL BELOW.......386............392...........380............365

Wednesday, February 27, 2008

INTRADAY TIPS [ 27/02/2008]

DEEPAKFERT ( Deepak Fertilizers and Petrochemicals Co Ltd)

Action.....Trigger Price......Stop Loss......Target 1....Target 2
BUY ABOVE.......141..............137...........144.........149
S.SELL BELOW....135..............138...........133.........126

TARGET ACHIEVED

ISPATIND ( Ispat Industries Limited)
Action......Trigger Price.....Stop Loss......Target 1....Target 2
BUY ABOVE.......43.6.............43.1..........44.3........45
S.SELL BELOW....42.8.............43.2..........42.5........42

TARGET ACHIEVED


GDL ( Gateway Distriparks Limited)
Action......Trigger Price.....Stop Loss......Target 1....Target 2
BUY ABOVE........117............115.5..........120.........125
S.SELL BELOW.....114............116.5..........112.........108

TARGET ACHIEVED


GUJNRECOKE ( Gujarat NRE Coke Ltd.)
Action........Trigger Price.....Stop Loss......Target 1....Target 2
BUY ABOVE...........178............175...........182.........188
S.SELL BELOW........173............176...........169.........160

TARGET 1 ACHIEVED

JPASSOCIAT ( Jaiprakash Associates Limited)
Action.......Trigger Price......Stop Loss......Target 1....Target 2
BUY ABOVE...........272.............264..........278.........288
S.SELL BELOW........262.............266..........256.........242

TARGET 1 ACHIEVED

KEEP EYE ON THE BELOW STOCKS:
CAIRN, JPASSOCIAT,
GUJNRECOKE, INDIACEM,

BARTRONICS, BHARATFORG,
SREINTFIN, JISLJALEQS,
GARWOFFS, SADBHAV,
GEOINFO, MIC,
HIRECT, MASTEK,
INGVYSYABK.

MOST OF THE STOCK ARE IN GREEN AND AT UPSIDE THEN
YESTERDAY

Tuesday, February 26, 2008

INTRADAY TIPS [ 26/02/2008]

BEST BUY

JP ASSOCIATES (BUY) 259.8-261 (Target1) 266.7 ( Target 2) 271.6 (Sl) 253

[TARGET ACHIEVED]

INDIABULLS REAL ESTATE (BUY) 574.9-576.4(Target1) 584.2 ( Target 2) 590 (Sl) 568.7

[TARGET ACHIEVED]

ESSAR OIL (BUY) 230-231 (Target1) 235.6 ( Target 2) 241 (Sl) 223

[TARGET ACHIEVED]

KSOIL: BUY ABOVE 97 TGT 102-105+ S/L 94


Wipro: BUY ABOVE 442 TGT 452-458 S/L 432

[TARGET ACHIEVED]

NIFTY: Resistance 5240/5285/5340/5370/5400/5545

Supports 5150/5115/5050

INTRADAY TIPS [ 26/02/2008]

TVSMOTOR ( TVS Motor Company Limited)
Action....Trigger Price..Stop Loss.......Target 1.......Target 2
BUY ABOVE.........48........41............42.5.............44
S.SELL BELOW......40.5.....41.5...........39.8.............38

[TARGET ACHIEVED]

RNRL ( Reliance Natural Resources Limited)
Action......Trigger Price......Stop Loss......Target 1.....Target 2
BUY ABOVE.......137.6............135............140..........144
S.SELL BELOW.....134.............135.6..........133..........128

KSOILS ( K S Oils Limited)
Action.....Trigger Price......Stop Loss....Target 1......Target 2
BUY ABOVE........97..............94..........101............107
S.SELL BELOW.....92..............95...........89.............80


GUJNRECOKE ( Gujarat NRE Coke Ltd.)
Action....Trigger Price....Stop Loss.....Target 1.......Target 2
BUY ABOVE......170............165..........178...........190
S.SELL BELOW...162............166..........157...........145

[TARGET ACHIEVED]

RPOWER ( Reliance Power Limited)
Action.....Trigger Price......Stop Loss.....Target 1.....Target 2
BUY ABOVE........480............442............462.........475
S.SELL BELOW.....439............446............432.........410

[TARGET ACHIEVED]

Monday, February 25, 2008

Intraday Tips...[25/02/2008]

SIRPAPER ( The Sirpur Paper Mills Ltd)

Action.........Trigger Price....Stop Loss.........Target 1........Target 2
BUY ABOVE..............95.........91.................99.............105
S.SELL BELOW...........89.........92.................85..............77

[TARGET ACHIEVED]

IFCI ( IFCI Limited)
Action.........Trigger Price....Stop Loss.........Target 1.........Target 2
BUY ABOVE.............64..........63.3................65.............66.5
S.SELL BELOW..........63..........63.5................62.............60

[TARGET ACHIEVED]


PENINLAND ( Peninsula Land Limited)
Action.......Trigger Price......Stop Loss Target 1 Target 2
BUY ABOVE..........98.............96.5............99.5............102
S.SELL BELOW......95.8.............97.............94.6.............92

[TARGET ACHIEVED]

Also Keep Eye on HINDALCO, CIPLA, GTCIND, GITANJALI, SIEMENS, NATIONALUM

MOST OF THE ABOVE STOCKS ARE ALL TIME HIGH

Monday, February 11, 2008

Share Market Tips of 11- Feb, 2008

TATA MOTOR FUTURE Buy stop loss = 686 target = 730-735

Wednesday, February 6, 2008

US stocks tumble on weak service-sector report

Wall Street plunged on Tuesday, driving the Dow Jones industrials down 370 points after investors saw an unexpected contraction in the service sector as evidence the economy is sinking into recession. It was the Dow's biggest percentage drop in almost a year.

The volatility that pummeled stocks in January returned with the news that the service sector shrank last month for the first time since March 2003. The report from the Institute for Supply Management wiped out the nascent optimism about the economy that had sent stocks surging higher last week.

"The report drives a nail into the coffin from investors' minds that we're in a recession,'' said Todd Salamone, director of trading at Schaeffer's Investment Research. ``That doesn't mean stock prices in the months ahead will be lower. But when you see headline numbers like this, there tends to be a reactionary sell.''

The ISM said its index of service sector activity, which accounts for about two-thirds of the economy, dropped below 50, a level that indicates contraction. Economists had expected another month of growth.

It's possible the service sector, which includes businesses ranging from restaurants to retailers to banks, could bounce back in February as the manufacturing sector did in January after its December contraction. The benefit of the Federal Reserve's two big interest rate cuts in the latter part of January could also help spur the service sector back into growth mode later this year.

Still, the data was particularly worrisome given last week's Labor Department report, which showed that the U.S. economy lost jobs in January for the first time in more than four years. Together, the two reports indicate that the ongoing credit crisis is dragging down the actual economy.

INTRADAY TIPS [ 06/02/2008]

don't go for any intraday trade as the market is likely to fall heavily.
happy investing

Saturday, February 2, 2008

Market may head higher - 01st Feb

The market may head higher due to good rollover in derivatives segment. The January 2008 derivative contracts expired yesterday, 31 January 2008. As per reports, rollover of Nifty futures from January 2008 series to February 2008 series stood at 75% while marketwide rollover was 85%. The rollovers in previous series i.e. from November 2007 to December 2007 for Nifty futures and marketwide rollover were 81% and 85% respectively.

Third quarter December 2007 results so far have been decent. A total of 1815 companies reported 30.60% rise in net profit on 18.80% rise in net sales in Q3 December 2007 over Q3 December 2006.

Asian markets were trading mixed today, 1 February 2008. Hong Kong's Hang Seng (up 1.27% at 23,753.04), Taiwan's Taiwan Weighted (up 1.69% at 7,648.41), Singapore's Straits Times (up 0.46% at 2,995.38), South Korea's Seoul Composite (up 0.50% at 1,632.98) rose. However, Japan's Nikkei declined 0.62% at 13,507.80 and Shanghai Composite lost 3.54% to 4,228.05

US markets rallied on Thursday, 31 January 2008, led by financial shares after the world's largest bond insurer, MBIA announced that it expects to retain its credit ratings. The Dow Jones industrial average surged 207.53 points, or 1.67%, to 12,650.36. The S&P 500 index gained 22.74 points, or 1.68%, to 1,378.55, and the Nasdaq Composite index shot up 40.86 points, or 1.74%, to 2,389.86.

Back home, the 30-share BSE Sensex declined 109.93 points or 0.62% at 17,648.71, on Thursday 31 January 2008 in volatile trade. The broader based S&P CNX Nifty was down 30.15 points or 0.58% at 5,137.45 on Thursday 31 January 2008 in volatile trade.

As per provisional data, foreign institutional investors (FIIs) sold shares worth Rs 3938 crore on Thursday, 31 January 2008. Domestic institutional investors (DIIs) were net buyers of shares worth Rs 2160.05 crore on that day.

FIIs were net buyers of Rs 128 crore in futures & options (F&O) market on Thursday, 31 January 2008. They were net buyers of Rs 399 crore in index options and Rs 743 crore in stock futures but net sellers of Rs 1,014 crore in index futurers.

Meanwhile, as per reports, short selling by the institutional investors may be kicked off a week later than what was earlier scheduled for today, 1 February 2008. Though Securities & Exchange Board of India and stock exchanges are ready for its timely rollout, there seems to be some confusion whether short selling will attract the Securities Transaction Tax (STT) or not. The Central Board of Direct Taxes (CBDT) is yet to clarify on the issue.

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