Stock Recommendations 8th Feb 2008

Feb 8th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?
NTPC

NTPC has signed MoU with Bharat Forge to set up a manufacturing unit of works for power plants with an investment of Rs 3,000 crore. The 51:49 JV, where Bharat Forge would hold the majority shareholding would start operations within 15 months of inclusion and will manufacture castings and forging for power plants. The stock has witnessed a sharp correction in the current market fall, hence we recommend ‘BUY’ on the stock.

What to Sell ?
Infosys
The stock has recommenced the long-term downtrend by declining successively in the past three trading sessions. Sell the stock in rallies with a stop loss at Rs 1,528.

ICICI Bank
The stock’s downtrend is probable to extend. We maintain our sell advice in this counter.

L&T
In the last trading session, the stock lost about 4 pct and is showing signs of bearishness. We advise a sell in this stock.

ONGC
The daily impetus indicator has re-entered the bearish zone, indicating weakness. We re-affirm our sell view.

Reliance Capital
The stocks declined escort with good volume in the past two days and is at present balanced more than key support level. Initiate fresh sales if the stock penetrates Rs 1,835.

Reliance Communications
The stock is reversing from the resistance at Rs 700. We recommend a sell in this stock.

Reliance Industries
Sell the stock if it falls below Rs 2,370.

Satyam Computer
The stock fall in the last trading session, insightful the short-term up trend line as well as the 21-day stirring average line. We retain our sell advice.

TCS
Sell the stock in rallies with stop loss at Rs 910.
Selling in Reliance Industries is the excellent stake

Bear dominated more than Yesterday’s trading action. Though the sentiment reading of the tradable counters changed to bullish. Bear stir on Today is probable to change the sentiment reading in their favor. In contrast the existing sentiment is probable to be toughening with other counters.
Nifty Futures

The February agreement opened with a bear gap of around 19 points from its earlier close. The February agreement stirred within a range of around 244 points and closed with a loss of approximately 209 points from its preceding close. The short position in the February Nifty agreement is intact.. These levels are improbable to be triggered during Today’s trading activity.

Money Sector

The composition and the ranking of the top-10 tradable list had no changes. The long exit level for Tata Steel is placed at 794.95. Except SAIL, ONGC, BHEL and Infosys all other counters in the 10 list are in uptrend. All the uptrend counters are probable to be under threat for Today’s trading.

Conversely bull stir on Today is probable to terminate all the downtrend counters.
Buying chances are probable to exist in SAIL, ONGC, BHEL and Infosys. Selling chances are probable to exist in all the uptrend counters. The best among the above is probable to be selling in Reliance Industries. This counter is in uptrend. Bear stir on Today is probable to overturn the existing trend in this counter.
 

Stock Futures

The opus and the ranking of the top-10 list had no changes. Except Reliance Industries, NTPC, ICICI Bank and ONGC, all other counters in the top-10 list are in uptrend. All the uptrend counters are probable to be under threat for Today’s trading.

Conversely, bull stir on Today is probable to terminate all the downtrend counters. Buying chances are probable to exist in Reliance Industries, NTPC, ICICI Bank and ONGC. Selling chances are probable to exist in all the uptrend counters. The best is probable to be selling in Tata Steel. This counter is in uptrend. Bear stir on Today is probable to reverse the existing trend in this counter.

Global Market
Japan stocks fall, Fanuc down on weak order stats
Tokyo: Japanese stocks fell on Friday, with industrial robot maker Fanuc Ltd sold heavily after weaker-than-expected core private-sector machinery orders.

US stocks: Wall St rises as valuations lure bargain-hunters
New York: U.S. stocks rose on Thursday, as relatively cheap valuations tempted investors back to Wall Street after a three-day losing streak that had pushed NASDAQ into an official bear market.

Scrip Watch
Prime Focus Ltd has informed BSE that Warner Bros. Motion Picture Imaging and Prime Focus have entered into a strategic alliance that will allow both Companies to expand their abilities to offer their state of the art digital post production capabilities to filmmakers on a global scale. The stock may attract attention today.
Market outlook

The mood is probable to stay careful with a pessimistic partiality at times. Though bargain chase and short-covering is expected at minor levels, investors would to well to stay away from building up commitments if the increase is not escort by good volumes.

Feb 7th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?
Intra-Day: Buy Reliance Communications at...


Reliance Communications
Buy the stock in dips with stop loss at Rs 657.

Axis Bank

This bank is amongst the only some which has recovered well and traded strongly from last few days. Technically one can buy this stock in minor side keeping stop loss of under 1060 for the target towards 1120 to 1150. Support- 1066/1050/1032 Resistance1105/1126/1150

REL

After a weak opening it has tendency to recover every time in last four days of trade. It
can be bought in intraday go down in the zone of 2050-2040 keeping stop loss just at 2030 for the stir above 2100. Support - 2035/2000/1970 Resistances - 2100/2145/2180

Tata Steel

This stock has tested the resistance of 819 twice in last two days of trade and saved the
support of 780. Well, for today's trade I like to make a buy on it keeping stop loss below
790 for the target near to 818. Cross above 818 will result a move towards 830.
Support- 792/782/774 Resistance- 808/819/830

Buying in Reliance Energy is the excellent stake

Yesterday’s trading action witnessed unstable movement. The sentiment reading of the tradable counters changed to bearish. Bull stir on Today is probable to change the sentiment reading in their favour. On the opposing, the existing sentiment is probable to be toughening with added counters.

What to Sell ?

Intra-Day: Sell ICICI Bank, Infosys at...

ICICI Bank
The stock is witnessing selling strain at advanced levels. Sell the stock in rallies with stop loss at Rs 1,190.

Infosys
Negating our prior view, the stock tumbled penetrating the 50-day moving average. We change our view and commend sell.

ONGC
In last session, ONGC lost its intra-day gains and it is skill selling pressure at around Rs 1,100. Sell the stock in rallies while keeping the stop loss at Rs 1,100.

Reliance Capital
Fresh selling can be initiated if the stock declines underneath Rs 1,910 level.

Satyam Computer
On Wednesday, the stock fell insightful the 50-day moving average line. We retain our sell advice.

TCS
Contrary to our opinion, the stock opened with a gap down and experienced selling strain in the last session. Sell the stock in the rallies as keeping stop loss at Rs 926.
Nifty Futures

The February agreement opened with a bear gap of around 226 points from its previous close. The February contract stirred within a range of around 112 points and closed with a loss of around 201 points from its preceding close.

Bear stir during the day reversed the long position in the February Nifty contract. The short exit and long entry levels are placed quite far away from its last traded price. These levels are improbable to be triggered in Today’s trading activity.

Money Sector

The opus and the ranking of the top-10 tradable list had no changes. The long exit level for Tata Steel is placed at 786.20. All the counters in the 10 list are in downtrend. Bull stir on Today is probable to finish all the downtrend counters except SAIL and Infosys. Buying chances are probable to exist in all the counters but SAIL and Infosys.

There are no selling chances for Today’s trading. The best among the above is probable to be buying in Reliance Energy. This counter is in downtrend. Bull stir on Today is probable to reverse the existing trend in this counter.
 

Stock Futures

The composition and the ranking of the top-10 list had no changes. Except Tata Steel all other counters in the top-10 list are in downtrend. The uptrend counter Tata Steel is probable to be under threat for Today’s trading.

On the other hand, bull stir on Today is probable to terminate all the downtrend counters except ONGC. Buying chances are probable to exist in all the downtrend counters except ONGC. Only selling chance is probable to exist in Tata Steel. The best is probable to be buying in Reliance Energy. This counter is in downtrend. Bull stir on Today is probable to reverse the existing trend in this counter.

Global Market
Japan stocks go down as more companies cut outlook
Tokyo: Japanese stocks fell on Thursday as more companies lesser their earnings outlook, adding to bearish investor sentiment amid jitters more than the U.S. economy.

US stocks: Rate-cut doubts sink Wall St: Nasdaq bearish
New York: U.S. stock indexes go down for a third straight session on Wednesday after Federal Reserve officials cast doubt on the outlook for more interest rate cuts, puncturing an early rally on tough media-sector earnings and driving the Nasaq into bear market territory.

Scrip Watch
Shares of Indian Bulls Real Estate might be in focus next the company's subsidiary India bulls Infrastructure Limited acquiring 100pct shareholding of Catherine Builders and Developers (P) from DLF Home Developers.

Ranbaxy Laboratories Limited has announced that the Company has established approval from the U.S. Food and Drug Administration to manufacture and market Cefuroxime Axetil for Oral Suspension USP, 125 mg/5mL and 250 mg/5mL, which will be the first generic formulation on the market. The drug stock might see some buying today.
Market outlook

The market is predictable to open weak today. Though buying is probable in a few blue chip stocks later on, the mood is expected to remain cautious with a pessimistic bias for a well again part of the session. A late rally on short-covering is not ruled out in total.

Feb 6th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?
Intra-Day: Buy Infosys, L&T at.....

L&T
Fresh long position can be beginning if the stock stirs more than the resistance level of Rs 3,900.

Infosys
The stock is pausing around the 50-day stirring average. We support our previous buy proposal.

ONGC
Buy the stock in dips with stop loss at Rs 1,050.

Reliance Industries
Fresh buying can be initiated if the stock stirs more than Rs 2,643.

TCS
Next a near-term up move, the stock is at present halt. Buy the stock in dips with stop loss at Rs 920.

Buying in SAIL is the excellent stake
Yesterday’s trading activity witnessed volatile movement. The sentiment reading of the tradable counters stays bullish. Bear stir on Today is probable to change the sentiment reading in their favor. On the opposing, the current sentiment is probable to be toughening with other counters.

What to Sell ?
Intra-Day: Sell ICICI Bank, SBI at...


ICICI Bank
Our short-term outlook for the stock is bearish. We uphold sell proposal in this counter.

Satyam Computers
Sell the stock if it reverses from the resistance level of Rs 448.

SBI
Sell the stock in rallies with stop loss at Rs 2,259.

Nifty Futures
The February agreement opened with a bear gap of around 23 points from its earlier close. The February agreement stirred within a range of around 88 points and closed with a gain of around 40 points from its previous close.

The long position in the February Nifty agreement is intact. The long exit and short entry levels are placed quite far away from its last traded price. These levels are improbable to be triggered during Today’s trading activity.
 

Money Sector

The composition and the ranking of the top-10 list had no changes. Except ICICI Bank all other counters in the top-10 list are in uptrend. Except Reliance Capital, NTPC, Tata Steel and IDBI all other uptrend counters are probable to be under threat for Today’s trading.

Conversely bull stir on Today is probable to terminate ICICI Bank. A single buying chance is probable to exist in ICICI Bank. Selling chances are probable to exist in Reliance Energy, Reliance Industries, SBI, ONGC and MTNL. The best is probable to be selling in SBI. This counter is in uptrend. Bear stir on Today is probable to reverse the existing trend in this counter.
 

Stock Futures

Global Market
Japan stocks drop on building U.S. recession fears
Tokyo: Japan's Nikkei share average fell more than 3 pct on Wednesday, led by banks and exporters such as Canon Inc, tracking sharp losses on Wall Street amid renewed fears of a U.S. recession

US stocks: Wall Street skids about 3pct on recession sign
New York: U.S. stocks suffered their major drop in nearly a year on Tuesday after data showed the worst monthly short form in the services sector since the last U.S. recession and Standard & Poor's warned it could cut bank credit ratings.

Scrip Watch
Phoenix Mills Limited has declared that the Company will be entering into a strategic alliance with Entertainment World Developers Pvt. Ltd (EWDPL) by get over 42pct stake in the Company. Phoenix itself, is at present building retail led mixed use growth centers in Tier I cities under the brand name of "Phoenix Market City" and during partnerships with regional players in the Tier II cities. The stock may see some action today.
Market outlook

The market is predictable to open with a big pessimistic gap this morning. Though buying at lesser levels at select blue chip counters is not ruled out, the undertone is probable to remain weak for a healthier part of the session today. Heavy selling is probable in small and mid cap segments.

Feb 5th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?
Intra-Day: Buy Infosys, R Com at...

Infosys
The stock price stirred above the 50-day stirring average line escort with good volume in the last session.

Reliance Communications
On Monday, the stock finally goes through the resistance level at Rs 670.

Reliance Industries
Fresh long position can be beginning if the stock moves above Rs 2,643.

TCS
Buy the stock in dips with stop at Rs 953.

What to Sell ?

Intra-Day: Sell ICICI Bank, L&T at...

ICICI Bank
The stock is skill selling force at advanced levels. Sell the stock in rallies with stop at Rs 1,290.


L&T
Important resistance for the stock is current at Rs 3,900. Sell the stock if it reverses from this resistance.


ONGC
The stock has formed a gravestone doji candlestick pattern that denotes selling anxiety at advanced levels, in the last session.

Satyam Computer
At Rs 448 the 200-day stirring average line is acting as resistance. Sell the stock in rallies with stop at Rs 448.


Selling in BHEL is the best bet

Bulls succeed more than Yesterday’s trading action. The sentiment reading of the tradable counters changed to bullish. Bear stir on Today is probable to change the sentiment reading in their favour. On the contrary, the present sentiment is probable to be constant.
Nifty Futures

The February month agreement opened with a bull gap of around 98 points from its previous close. The February month agreement stirred in between a range of around 185 points. The February month agreement closed with a gain of around 157 points from its previous close. The long position in the February month Nifty agreement is intact. The long exit and short entry levels are placed quite far away from its last traded price.

Money Sector

The composition of the top-10 tradable list had minor changes. Tata Steel made its way to top-10 list pushing out ITC. The ranking had no changes. The long exit level for ITC is placed at 201.60.

All the counters in the top-10 list are in uptrend. Apart from Reliance Capital, ONGC, IDBI and Tata Steel all other counters in the top-10 list are probable to be under threat for Today’s trading. There are no buying opportunities for Today’s trading. Selling opportunities are probable to exist in Reliance Industries, Reliance Energy, ICICI Bank, SAIL, SBI and BHEL. The best among the above is probable to be selling in BHEL. This counter is in uptrend. Bear stir on Today is probable to reverse the existing trend in this counter.

 

Stock Futures

The opus and the ranking of the top-10 list had no changes. All the counters in the top-10 list are in uptrend. Except NTPC, Tata Steel, IDBI and ONGC all other counters are probable to be under threat for Today’s trading. There are no buying opportunities for Today’s trading. Selling chances are probable to exist in Reliance Energy, Reliance Industries, Reliance Capital, ICICI Bank, SBI and MTNL. The best is probable to be selling in Reliance Industries. This counter is in uptrend. Bear stir on Today is probable to reverse the existing trend in this counter.

Global Market
 

Scrip Watch

Market outlook

Feb 4th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?
Satyam Computer

After a long time it has closed over its 50 days moving average. Technically one can
buy this stock in each turn down keeping stop loss at 415 for the target above 432. Crucial break out should be only above 450 marks. Support- 416/410/403 Resistance- 432/440/450

Tata Steel

Metal stocks are rapidly comes with good demand. Technically this stock can be
bought keeping stop loss of 769 for the target of 790 to 800 marks. We may see some
weakness form advanced levels but that's too early to say. Support - 770/763/754 Resistances - 784/792/800

Rel

This stock has seen little consolidation and close above 2000 marks. Technically it
should take a move with impetus towards 2100 marks. I prefer to buy this stock
keeping stop loss of 1995 for the target towards 2100. Support- 2000/1978/1954 Resistance- 2038/2064/2100

What to Sell ?


Sterlite Industries

Exit long positions, if rallies. Short rallies up to 835 levels can be used to exit. Downside Target at 808 level and thereafter expects sell-off up to 782 levels. Below 754 levels, profit booking may continue up to 705-707 zones and thereafter it can tumble up to 679 Level. Do not short, if start trades at above 861-863 zones on upper side.
Nifty Futures

 

Money Sector

Stock Futures

Global Market
 

Scrip Watch

Market outlook

Jan 21st 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?
RIL

Reliance Industries, plans to produce 35-40 mn cubic metres of gas a day from six finds in the Mahanadi block. Reliance Industries is spending $8.7bn on development and production at its deep-sea gas fields in the KG basin, from which it aims to produce up to 80 mmscmd of gas in the second half of 2008-09 fiscal year. The total investment in the block may be $1.14bn.

ICICI Bank Ltd

ICICI Bank reported a net profit of Rs 1230 crore for the quarter ended December 2007, up 35pct over the corresponding period last year. Net interest income and fee based income during the quarter were up 32pct and 33pct respectively. NIM stood at 2.3pct while CASA stood at 33pct. International operations accounted for 23pct of the bank’s total assets. Total advances by the bank increased by 25pct over last year’s figures to Rs 2.15 lakh crore during the quarter. Net NPA stood at 1.5pct compared to 1.1pct.The bank
has also approved the initial public offering of ICICI Securities, its wholly owned stock broking subsidiary.

What to Sell ?

Tata Steel

It has veteran 770 in last trading session which is a 100 days stirring average. Technically it has not shown any sign of revival. I prefer to short it again at elevated levels keeping stop loss over 794 for the target of 770. Below 770 it will crack towards 750 levels. Support - 770/758/750 Resistances - 791/800/810

Reliance

It has fall 6.5pct in last trading day. It has broken 2800 marks also. It seems that profit
Taking can be steeper in the market. Technically one can prefer only short at higher levels. It may see fall towards 2700 to 2650 zone. Support - 2750/2690/2640 Resistances - 2830/2885/2900

RCOM

This stock has 100 days moving average support at 687. One can prefer short at advanced
Levels keeping stop loss at 713+ for the target of 687. Break underneath 687 will create fright and it may see selling towards 660. Support - 687/674/660 Resistances - 711/718/716


Nifty Futures

 

Money Sector

Stock Futures

Global Market
Nikkei go down 3pct on U.S. recession fears

Nikkei average slid more than three per cent on Monday as investors dumped blue-chip shares subsequent to a proposed stimulus package did little to calm market fears about a U.S. recession.

Scrip Watch
Shares of Parsvnath Developers might see action following a declaration from the company that it will invest approximately Rs 600 billion in next five years in diversified areas such as SEZs, airports, express ways and retails business. The company is also setting up to bid for future airports such as Udaipur, Greater Noida, Maharashtra and other states and will invest heavily in SEZs.

Idea Cellular might attract attention on strong quarterly results. The Company has posted a net profit after tax of Rs 2371.90 million for the quarter ended December 31, 2007 as compared to Rs 1136.90 million for the quarter ended December 31, 2006. BASF India, Power Finance Corporation, ICICI Bank and Ultratech Cement may also surge on buoyant quarterly numbers.

Software major Satyam Computer Services and PSU oil & gas exploration major ONGC will announce their quarterly earnings today. Abhishek Industries, Bharat Forge, Finolex Industries, Glenmark Pharma, India Bulls Real Estate, Jindal Stainless, Kansai Nero, NIIT, Sterlite Technologies, Shaw Wallace, Tanla Solutions and Titan Industries are among the additional companies slated to declare their quarterly results today.
Market outlook

There might be technical recoil on the Indian bourses except not before an additional early sharp force. With global trend playing a major role in directing price movement still some good results have gone unobserved. Retail investors would do well to reside away from the bourses for a few days

Jan 18th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?
Intra-Day: Buy L&T at...

L&T

The stock bounced up from the lower level of the broad sideways consolidation range of Rs 4,000 and Rs 4,400. A near-term up move is likely. We advise a buy.

What to Sell ?


Selling in Reliance Industries is the excellent stake

Yesterday’s trading action witnessed volatile movement. The sentiment reading of the tradable counters changed to bullish. Bear stir on Today is probable to change the sentiment reading in their favour. On the opposing the current sentiment reading is probable to be strengthened with additional counters.
Nifty Futures

The January agreement opened with a bear gap of around 17 points from its previous close. Though bears could not sustain their initial stir and gave way to bulls during the later part of the day’s trading. The January agreement stirred within a range of around 158 points and closed with a loss of around 29 points from its previous close. The long exit and short entry levels are placed quite far away from its last traded price. These levels are improbable to be triggered during Today’s trading action.

Money Sector

The opus and the ranking of the top-10 tradable list had minor changes. SBI made its way to top-10 list pushing out BoI. Reliance Industries and Reliance Energy interchanged their positions. Reliance Capital, Tata Steel and BHEL stirred one step lower in the list. The short exit level for Satyam, TCS and Hindalco are placed at 405.05, 966.05 and 196.15 respectively. The long exit level for Bank of India is placed at 428.45.

But ITC all other uptrend counters are probable to be under threat for Today’s trading. On the other hand, bull stir on Today is probable to terminate Tata Steel and BHEL. Buying chances are probable to exist in Tata Steel and BHEL. Selling chances are probable to exist in Reliance Industries, Reliance Energy, ICICI Bank, IDBI and SBI. The best is probable to be selling in Reliance Industries. This counter is in sideways mode. Bear stir on Today is probable to initiate a fresh downtrend in this counter.
 

Stock Futures

The composition and the ranking of the top-10 list had minor changes. Tata Motors made its way to top-10 list pushing out BHEL. Reliance Industries and NTPC interchanged their positions. Bank of India stirred from fifth to eighth position in the list. The short exit level for ACC is placed at 951.55. But BoI all other uptrend counters are probable to be under threat for Today’s trading. Conversely bull stir on Today is probable to terminate downtrend in Tata Steel.

A lone buying chance is probable to exist in Tata Steel. Selling chances are probable to exist in Reliance Energy, Reliance Industries, IDBI, Tata Motors and SBI. The best among the above is probable to be selling in Reliance Industries. This counter is in sideways mode. Bear stir on Today is probable to initiate a fresh downtrend in this counter.

Global Market
 

Scrip Watch

 

Jan 17th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?
Intra-Day: Buy ICICI Bank and Reliance Capital at...

ICICI Bank
In the last trading session, the stock recovered from the day’s low and is trading above the key support level of Rs 1,350. We recommend buy in this counter.


Reliance Capital
As long as the stock trades above the support level of Rs 2,568, the near-term stance is positive. Buy the stock in dips with stop loss at Rs 2,568.

Buying in IDBI is the best bet

Bears prevailed over Yesterday’s trading action. The sentiment reading of the tradable counters relics bearish. Bull stir on Today is probable to change the sentiment reading in their favour. On the opposing the present sentiment reading is probable to be strengthened with additional counters.

What to Sell ?
Intra-Day: Sell Infosys, L&T at...

Infosys
The stock has breached its significant support level. We don’t see any signs of reversal. We maintain our sell advice.


L&T
Fresh selling should be initiated only when the stock declines below Rs 3,942.

TCS
We retain our sell advice with stop loss at Rs 972.



Nifty Futures

The January bond opened with a bear gap of around 87 points from its previous close. The January bond stirred within a range of around 162 points and closed with a loss of around 124 points from its previous close. The short exit and long entry levels are placed quite far away from its last traded price. These levels are improbable to be triggered during Today’s trading action.

Money Sector

The opus of the top-10 tradable list had major changes. Reliance energy, Reliance Capital, BHEL, BoI and IDBI made their ways to top-10 list pushing out Satyam, Cipla, TCS, ONGC and Hindalco. The ranking of the top-10 list is completely restored. The short exit level for Satyam, TCS, ONGC and Hindalco are placed at 406.25, 966.75, 1295.05 and 196.65 correspondingly.

Apart from BoI and IDBI all other counters are in downtrend. Bull stir on Today is probable to terminate Reliance Industries, Reliance Capital and ICICI Bank. Buying chances are probable to exist in Reliance Industries, Reliance Capital, ICICI Bank and IDBI. There are no selling chances for Today’s trading. The best is probable to be buying in IDBI. This counter is in downtrend. Bull stir on Today is probable to reverse the existing trend in this counter.

Stock Futures

The opus of the top-10 list had main changes. Reliance Energy, NTPC, Reliance Capital, BoI, IDBI and SBI made their ways to top-10 list pushing out ACC, Jet Airways, Century Textiles, BPCL, PNB and Tata Tea. The ranking of the top-10 list is totally revamped. The short exit level for ACC and Tata Tea are placed at 951.55 and 843.55 respectively.

Apart from Bank of India and IDBI all other counters in the top-10 list are in downtrend. Bull stir on Today is probable to terminate all the downtrend counters except Reliance Energy and NTPC. Buying chances are probable to exist in Reliance Capital, Reliance Industries, Tata Steel, IDBI, SBI, ICICI Bank and BHEL. There are no selling chances for Today’s trading.

The most excellent amid the above is probable to be buying in SBI. This counter is in downtrend. Bull stir on Today is probable to reverse the existing trend in this counter.

Global Market
US stocks: Market ends lower on Intel disappointment

New York: U.S. stocks fell on yesterday, after Intel Corp posted both a unsatisfactory profit and outlook, driving the S&P 500 to its lowest closing level in 14 months.

Scrip Watch
Tata Consultancy Services is probable to remain in focus today. The Company has posted a net profit after taxes of Rs 11789.90 million for the quarter ended December 31, 2007 as compared to Rs 9505.20 million for the quarter ended December 31, 2006. Total Income has increased from Rs 38488.30 million for the quarter ended December 31, 2006 to Rs 49414.80 million for the quarter ended December 31, 2007.

Mangalore Refineries & Petrochemicals may move up following a sharp jump in the company's profits for the quarter ended 31 December 2007. The Company has posted a net profit of Rs 3466.00 million for the quarter ended December 31, 2007 as compared to Rs 1184.60 million for the quarter ended December 31, 2006. Total Income has increased from Rs 73974.50 million for the quarter ended December 31, 2006 to Rs 81690.90 million for the quarter ended December 31, 2007.

NIIT may edge up following a declaration from the company that it has acquired controlling interest in Evolv Management Services Pvt Ltd, a leading provider of English Language and Communications training, headquartered in Noida.

Besides index majors Reliance Industries, Reliance Energy, Ranbaxy Laboratories and HCL Technologies, other big names like Biocon, Emco, Financial Technologies, Godrej Consumer Products, HCL Technologies, IDBI and India Bulls Financial are also listed to announce their quarterly numbers today. Services, ND TV, Orchid Chemicals, KPIT Cummins
Market Outlook
With top notch companies like Reliance Industries, Reliance Energy, Ranbaxy Laboratories and HCL Technologies slated to announce their quarterly results during the course of the day, abundance of action is assured on the bourses today.

Quite tough quarterly results from IT major TCS and bargain hunting after three successive days of sharp losses may push up stock prices quite sharply in intra-day trades. The report card of Reliance Industries will play a important role in guiding the market.

Jan 16th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?

 

What to Sell ?

Infosys Technology
Now it is trading at new 52 week low. You can clearly understand that we are going to break 1500 marks and the subsequently target could be 1460-1440. If condition goes worse then you can expect even 1300 marks in few weeks. Support- 1482/1460/1445 Resistance-1517/1530/1545

ACC

This stock has seen pessimistic close from last six trading sessions. Yet there is no sign of
Revival. Problem could be still dipper if index goes under correction from any point. It has major support at 860, expect break. Support below 860 will be at 830 only.
Support - 860/848/830 Resistances - 879/888/908

Satyam Computers

Now this stock has broken 400 marks and closes much below this. Technical target should be 360. Prefer short on any rise keep stop loss more than 400 for the short term target towards 360. Deeper troubles for technology stocks. Support- 380/374/368 Resistance- 392/397/402

Tata Steel

Sell-off up to 844-846 zones will be strong. Hurdles at 855 & 861 levels. Sell if touches 864 level. Stop Loss at 876-878 zones. Underneath 834 levels, suppose selling up to 824 levels and thereafter it can tumble up to 813 levels.


Maruti Udyog Futures

Sell-off up to 860 & 870 levels will be strong. Hurdles at 880 & 886 levels. Sell if touches 892 level. Stop Loss at 896 levels. Underneath 844 & 848 levels, expect
Nifty Futures

 

Money Sector

Stock Futures

Global Market
US stocks: Weak retail sales, Citigroup plague Wall Street

New York: All three major U.S. stock indexes plunged more than 2 per cent on Tuesday after a record loss at Citigroup Inc and the worst showing for retailers in five years fueled fears that the economy was heading into a recession.

Scrip Watch
Essar Oil may attract notice on reports that Essar Energy Overseas Ltd, a subsidiary of the Company, has entered into an agreement to acquire 50pct stake in Kenya Petroleum Refineries Ltd.4 million metric tonnes per annum (MMTPA) refinery in Mombasa, Kenya. The Government of Kenya holds the remaining 50pct of KPRL.

Great Offshore Limited has informed BSE that the Company has made an offer for purchasing a controlling stake in an overseas Company. The said offer has been accepted by the board of the Overseas Company and subsequently by the Board of the Company. The Overseas Company shall own, upon delivery, two harsh environments, semi-submersible, sixth generation drilling rigs, which are currently under construction, at an estimated cost of about USD 1.40 billion. The stock may see some action today.

NIIT might edge up following an announcement from the company that it has acquired controlling interest in Evolv Management Services Pvt Ltd a leading provider of English Language and Communications training, headquartered in Noida.

Besides software majors Wipro and Tata Consultancy Services, LIC Housing Finance, Allahabad Bank, Chambal Fertilizers, India Cements, Mangalore Refineries & Petrochemicals, Petronet LNG, Ucal Fuel Systems, Vardhman Textiles and Welspun Gujarat will also announce their quarterly results today.
Market Outlook
Weak global markets may trigger a sell-off this morning. However, considering the massive fall witnessed yesterday, some short-covering and value buying in select blue chips cannot be ruled out. Except the mood by and large is likely to stay extremely cautious with a negative bias.

Jan 15th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?

Intra-Day: Buy Reliance Communications at


Reliance Communications

Our short-term viewpoint for the stock is optimistic. We recommend a buy with stop at Rs 794.

Reliance Industries

We recommend a buy in RIL
ICICI Bank

Buy the stock in dips with stop loss at Rs 1,350.

ONGC

Buy ONGC with stop loss at Rs 1,250.

Reliance Capital

We recommend a buy in this stock.

What to Sell ?
Intra-Day: Sell L&T Satyam Computer at...

L&T

We recommend a sell in this counter.

Satyam Computer

We retain out sell recommendation.

Infosys

The stock is hovering just above a key support level of Rs 1,510. Buy Infosys when stock falls below the key support level.

TCS

Sell the stock with stop loss at Rs 1000.

Selling in Tata Steel is an excellent stake

Trading on Monday activity observed unstable movement. The sentiment reading of the tradable counters changed to optimistic. Bear move on Tuesday is likely to change the sentiment reading in their favor. On the opposing, the current attitude reading is likely to be toughened with additional counters.
 

Nifty Futures
The January month contract moved within a range of around 71 points. The January month contract closed with a gain of around 21 points from its previous close.

Bull move during the day reversed the short position in the January month contract. The long exit and short entry levels are placed quite far away from its last traded price. These levels are unlikely to be triggered during Tuesday’s trading activity.

 

Money Sector

The composition and the ranking of the top-10 list had minor changes. ONGC, TCS and Cipla made their way to the top-10 list pushing out HDFC, MTNL and BHEL. Tata Steel and Reliance Industries interchanged their positions. ITC moved from sixth to third position in the list. Satyam moved from last to seventh position in the list. The short exit level for SAIL and HDFC is placed at 259.60 and 3148.05 respectively.

There are five uptrend and five downtrend counters in the top-10 list. The uptrend counters Tata Steel and ICICI Bank are likely to be under threat for Tuesday’s trading. On the other hand, bull move on Tuesday is likely to terminate ONGC and Cipla. Buying opportunities are likely to exist in ONGC and Cipla. Selling opportunities are likely to exist in Tata Steel and ICICI Bank. The best is likely to be selling in Tata Steel. This counter is in uptrend. Bear move on Tuesday is likely to reverse the existing trend in this counter.

Stock Futures

The composition and the ranking of the top-10 list had minor changes. BHEL, Jet Airways, ACC, PNB and BPCL made their ways to the top-10 list pushing out Reliance Capital, IDBI, Reliance Energy, NTPC and National Aluminium. Tata Steel moved from second to seventh position in the list. Bank of Baroda and ICICI Bank moved one step higher in the list. Tata Tea moved from seventh to fifth position in the list. The short exit level for Hindalco, GAIL and National Aluminium is placed at 210.45, 517.80 and 464.95 respectively.

Except Tata Tea, Jet Airways, Tata Steel and ACC all other counters are in uptrend. The uptrend counters ICICI Bank and BHEL are likely to be under threat for Tuesday’s trading. On the other hand, bull move on Tuesday is likely to terminate Tata Tea. A lone buying opportunity is likely to exist in Tata Tea. Selling opportunities are likely to exist in ICICI Bank and BHEL. The best among the above is likely to be buying in Tata Tea. This counter is in downtrend. Bull move on Tuesday is likely to reverse the trend in this counter.

Global Market
 

Scrip Watch
Reliance Industries Limited has announced a new gas discovery in an exploratory block, located in Krishna offshore basin in the east coast of India. This is the third gas discovery in this block.. The stock, which scored a sharp gain yesterday, is expected to remain in focus again.
IDFC may firm up on strong quarterly numbers. The Company has posted its Q3 results net profit of Rs 1986.70 crore for the quarter ended December 31, 2007 as compared to Rs 1151.50 million for the quarter ended December 31, 2006. Total Income has increased from Rs 3862.60 million for the quarter ended December 31, 2006 to Rs 6919.20 million for the quarter ended December 31, 2007.

TRF, Vakranjee Software, ANG Auto, Automobile Corporation of Goa and JK Lakshmi Cemen, Apollo Tyre, Jubilant Organosys, Morepen Laboratories, PSL Limited, will announce their quarterly results.

The board of State Bank of India, the country's largest bank, has approved a 1:5 rights issue at a 35.42 per cent discount to its closing price on Monday. The bank will raise Rs 16,736.31 crore in February by offering one share for every five held at Rs 1,590 apiece. The SBI stock is likely to attract attention once again.
Market Outlook
The market is expected to open on a firm note. However, with the big ticked Reliance Power IPO up for subscription from today, a possibility of a range bound market is not ruled out.

Jan 14th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?


ONGC has a support at 1283 & 1291 levels. Below 1270-1272 zones, expect
alarm up to 1261 level and thereafter it can stumble up to 1251 level.

What to Sell ?
 Infosys Technology

Sell Infosys Tech. keeping stop loss above 1605.
Support- 1572/1554/1538 Resistance- 1600/1613/1630

ACC

In last week, this stock closed below 900 marks. It is trading six months lowest levels. Further break will cause the test of 860.
Support - 881/868/860 Resistances - 908/916/930

TATA STEEL

Sell this stock keeping stop loss above 867 for the target towards 830.

Nifty Futures
.
 

Money Sector

Stock Futures

Global Market
 

Scrip Watch

Market Outlook
 

Jan 11th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?


ICICI BANK

Above 1364 level, suppose a jump equipped 1382 level by non-stop. Support at 1318 & 1336 levels. Buy at lower levels. Stop Loss at 1278 level. Above 1422 level, it will zoom.

What to Sell ?
 ACC

I am constantly suggested short on this stock from last 3 trading sessions. Technically I am looking for the support of 908, which you can say the target also. Prefer
Short this stock on go up keeping stop loss over 950 for the target towards 908. Support - 928/916/908 Resistances - 948/960/978

SBIN

This stock has slipped remarkably in last hour of trades but closed above 2400. Still it
has broken in big way. I favor to short this stock on rise near to 2424 keeping stop loss
Above 2450 for the target near about under 2360. Support- 2385/2360/2340 Resistance- 2434/2460/2490

Tata Steel

It has lost 4.40pct in last trading session. Technically it has just saved the support of 848
But the question is how long it can stay above this if market goes weaker. I inspire me to
Short this stock in the range of 860-866 keeping stop loss over 870 for the target below
848. May be underneath 840. Support- 848/836/829 Resistance- 862/870/875

Infosys
The stock fell in the previous trading session as anticipated in our prior column. The daily momentum indicator has entered the bearish region. We continue with our sell advice.

L&T

Contrary to our view, L&T witnessed selling pressure and tumbled in the last trading session. As the stock failed to surpass the key resistance level of Rs 4,400, we change our recommendation to sell.

Reliance Communications

We note that the stock has formed a bearish engulfing candlestick pattern, which is a reversal pattern. We recommend a sell.

SBI

Sell the stock in rallies with tight stop loss at Rs 2,457.

TCS

We maintain our sell advice in this counter

Selling in Reliance Capital is excellent stake

Yesterday’s trading action witnessed bear domination. The sentiment reading of the tradable counters changed to bearish. Bull stir on Today is probable to change the sentiment reading in their favor. On the opposing, the current sentiment reading is probable to be strengthened with additional counters.

Nifty Futures
.
The January agreement opened with a bull gap of around 15 points from its previous close. The January agreement stirred within a range of around 181 points and closed with a loss of around 102 points from its previous close.

Bear domination during the day reversed the long position in the January agreement. The short exit and long entry levels are placed quite far away from its last traded price. These levels are improbable to be triggered during Today’s trading activity.

Money Sector

The composition and the ranking of the top-10 list had minor changes. ONGC made its way to top-10 list pushing out Suzlon. ICICI Bank stirred from second to fifth position in the list. The long exit level for Reliance Energy is placed at 2630.05. The short exit level for Infosys is placed at 1690.05. The long exit level for Suzlon is placed at 2130.75.

All the uptrend counters are probable to be under threat for Today’s trading. On the other hand, bull stir on Today is probable to terminate ONGC. A lone buying chance is probable to exist in ONGC.

The best is probable to be selling in Reliance Capital. This counter is in uptrend. Bear stir on Today is probable to reverse the existing trend in this counter.

Stock Futures

The composition and the ranking of the top-10 list had minor changes. BoB and National Aluminum made their ways to top-10 list drive out MTNL and HPCL. NTPC stirred one step higher in the list. GAIL stirred from sixth to eighth position in the list. The short exit level for MTNL is placed at 202.85.

Apart from BoB all the other uptrend counters are probable to be under threat for Today’s trading. On the other hand, bull stir on Today is probable to terminate Reliance Industries and National Aluminums.

Buying chances are probable to exist in Reliance Industries and National Aluminum. Selling chances are probable to exist in Reliance Capital and ICICI Bank. The best among the above is probable to be selling in Reliance Capital. This counter is in uptrend. Bear stir on Today is probable to reverse the trend in this counter. .

Global Market
US stocks: Wall St indexes rise on Countrywide

New York: U.S. stocks ended higher on Thursday following news Bank of
America is in advanced talks to buy struggling mortgage lender Countrywide
Financial Corp.

Scrip Watch
 Infosys Technologies has posted a net profit after tax & exceptional items of Rs
1186 crore for the quarter ended December 31, 2007 as compared to Rs 958
crore for the quarter ended December 31, 2006. The company's total income has
increased from Rs 3514 crore for the quarter ended December 31, 2006 to Rs
4151 crore for the quarter ended December 31, 2007. The company has revised
upwards its EPS by 1.48% to Rs 81.07 for fiscal 2008.

Shares of Aries Agro Limited will debut today. The issue with a price band of Rs
120 - Rs 130 a share, had received modest response from investors and was
subscribed nearly 8 times.

Unitech Ltd has informed BSE that the Department of Telecommunications,
Ministry of Communications & Information Technology, Government of India
(DOT) on January 10, 2008 has issued the Letters of Intent (LOIs) to 8
subsidiaries of the Company for issuance of Unified Access Services Licences
(UASL) in respect of all the 22 telecom circles across the country. The stock is
likely to be in focus today.

Market Outlook
The market is likely to open on a firm note today. Though it may turn a bit listless
soon, the undertone is likely to remain fairly positive. With a few big IPOs hitting
the market in the next few days, participants may prefer to pull out a
substantially in order to mobilise funds for subscribing to them.

Jan 10th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?
Intra-Day: Buy ICICI Bank, ONGC at...

ICICI Bank
The stock is forming a flag pattern, which is a continuance pattern. Fresh long should be initiated only when the stock stir above Rs 1,334 level.

ONGC
The short-term outlook remains bullish, we continue with our buy advice.

L&T
We maintain our buy advice in L&T.

Reliance Capital
The stock reversed strongly on Wednesday and recorded a new high. We revise our advice to buy.

Reliance Communications
Accompanied with good volumes, the stock marked a new high. We advise a buy in this stock.

Reliance Industries
The stock is pausing at higher levels. We retain our buy advice.
 

What to Sell ?


Selling in ITC is the excellent stake

Yesterday’s trading action witnessed unstable movement. The sentiment reading of the tradable counters residue neutral. Bear stir on Today is probable to change the sentiment reading in their favour. On the opposing bull stir is probable to change the sentiment in their favour.

Nifty Futures
The January agreement opened with a bear gap of around 10 points from its previous close. The January agreement stirred within a range of around 110 points and closed with a loss of around 13 points from its previous close.

The long position in the January agreement is intact. The long exit and short entry levels are placed quite far away from its last traded price. These levels are improbable to be triggered during Today’s trading.
 

Money Sector

The composition and the ranking of the top-10 list had small changes. MTNL and ITC made their way to the top 10 list drive out Infosys and BHEL. Tata Steel and GAIL interchanged their positions. SAIL and HDFC swap their positions. Reliance Capital and Suzlon interchanged their positions. The long exit level for ONGC is placed at 1283.45. The long exit level for Reliance Energy is placed at 2520.15. The short exit level for Infosys is placed at 1709.65.

Reliance Industries, HDFC, Reliance Capital, Suzlon and ITC are in uptrend in the list. ICICI Bank, Tata Steel, SAIL, GAIL and MTNL are in downtrend in the list. The uptrend counters Reliance Industries and ITC are probable to be under threat for Today’s trading. On the other hand, bull stir on Today is probable to end all the downtrend counters except ICICI Bank. Buying chances are probable to exist in Tata Steel, SAIL, GAIL and MTNL. Selling chances are probable to exist in Reliance Industries and ITC. The best is probable to be selling in ITC. This counter is in uptrend. Bear stir on Today is probable to reverse the existing trend in this counter.

Stock Futures

The composition and the ranking of the top-10 list had small changes. HPCL made its way to top-10 list pushing out Infosys. NTPC and ICICI Bank interchanged their positions. The long exit level for IDBI is placed at 172.05.

Reliance Industries, Reliance Capital, NTPC, Reliance Energy and Hindpetro are in uptrend in the list. Tata Steel, MTNL, GAIL, ICICI Bank and Hindalco are in downtrend in the list. The uptrend counters Reliance Industries and Reliance Energy are probable to be under threat for Today’s trading. Alternatively bull stir on Today is probable to terminate all the downtrend counters but ICICI Bank. Buying chances are probable to exist in Tata Steel, MTNL, GAIL and Hindalco. Selling chances are probable to exist in Reliance Industries and Reliance Energy. The best among the above is probable to be selling in Reliance Industries.

Global Market
 

Scrip Watch
 

Market Outlook
 

Jan 09th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?

Intra-Day: Buy Reliance Industries at…

Reliance Industries

We uphold our buy recommendation.

ICICI Bank
In spite of being the stock fell in the last trading session. However the buying is recommended only when the stock moves above Rs 1,364.

L&T

As the stock gained in the last session, we maintain our buy recommendation.

ONGC

On Tuesday, ONGC remained optimistic and we continue with our buy recommendation.
 

What to Sell ?


Intra-Day: Reliance Capital, TCS…



Reliance Capital

Sell Reliance Capital with stop loss at Rs 2,730.

TCS

We retain our sell recommendation in TCS

Infosys
On Tuesday the bounce recorded in the stock is not compelling. We maintain our sell recommendation in this stock.

Selling in HDFC is the most excellent stake

Bull Run was arrested during Yesterday’s trading activity. The sentiment reading of the tradable counters changed to neutral. Bear stir on Today is probable to change the sentiment reading in their favour. On the opposing bull stir is probable to change the sentiment in their favour.
 

Nifty Futures

The January agreement opened with a bull gap of around 20 points from its previous close. Though bull could not sustain their initial impetus and gave way to bears. The agreement stirred within a range of around 118 points and closed with a loss of around 19 points from its previous close. The January agreement initiated a fresh uptrend. These levels are improbable to be triggered during Today’s trading.

Money Sector

The composition and the ranking of the top-10 list had small changes. BHEL made its way to top-10 list pushing out Reliance Energy. SAIL stirred from third to 5th position in the list. GAIL stirred from 6th to 3rd position in the list. Infosys stirred from 5th to 9th position in the list. Suzlon stirred from last to 7th position in the list. The long exit level for ONGC is placed at 1283.45. The long exit level for Reliance Energy is placed at 2485.30.

Reliance Industries, ICICI Bank, GAIL, HDFC and Suzlon are in uptrend in the list. Tata Steel, Reliance Capital, Infosys and BHEL are in downtrend in the list.

The uptrend counters GAIL and HDFC are probable to be under threat for Today’s trading. Conversely bull stir on Today is probable to terminate Infosys and BHEL. Buying chances are probable to exist in Infosys and BHEL. Selling chances are probable to exist in GAIL, HDFC and SAIL.

The best is probable to be selling in HDFC. This counter is in uptrend. Bear stir on Today is probable to reverse the existing trend in this counter.

Stock Futures

The composition of the top-10 list had no changes. Though the ranking of the top-10 list had small changes. Reliance Energy stirred from 4th to 8th position in the list. MTNL stirred from 6th to 4th position in the list. GAIL and NTPC stirred one step higher in the list. The long exit level for IDBI is placed at 178.90.

Reliance Industries, ICICI Bank, NTPC and Reliance Energy are in uptrend in the list. Reliance Capital, Tata Steel, MTNL, GAIL and Hindalco are in downtrend in the list. Except NTPC all additional uptrend counters are probable to be under threat for Today’s trading. Conversely, bull stir on Today is probable to terminate GAIL. Buying chances are probable to exist in GAIL and Infosys. Selling chances are probable to exist in Reliance Industries, ICICI Bank, Reliance Energy and Infosys among of these best is to buying in Infosys. This counter is in sideways mode. Bull stir on Today is probable to initiate a fresh uptrend in this counter.

Global Market
Nikkei hits new 18 month low down on US economy woes

Tokyo: The benchmark Nikkei average fell to a fresh 18-month low on Wednesday, tumbling 1.7 pct in the first few minutes of trade, as the specter of a US depression grew and a advanced yen took a toll on exporters.

Scrip Watch
 
Shares of IVR Prime Urban Developers Limited might draw notice on reports that the company is setting up to association small resorts of 100 to 125 rooms each in 10 locations across the country at a predictable cost of Rs 5 billion.

Simplex Infrastructures may edge up following the company bagging an order worth Rs 481 crore for the 1,050-MW Maithon Thermal Power Project from the joint venture company promoted by Tata Power and DVC.

NDTV is reported to be in advanced stages of negotiations with NBC Universal, a subsidiary of General Electric to sell 25-30pct in its UK-based subsidiary NDTV Networks. If the deal goes through successfully it would be its first strategic partnership in the broadcasting business. The deal is valued at between Rs 6.50 -8 billion.
Market Outlook
It might be a weak start for equities today. With key results from India Inc just a couple of sessions away, participants are probable to tread a cautious path. The market is probable to see a few volatile spells.

Jan 08th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?
Intraday: Buy ICICI Bank, L&T at...

ICICI Bank
The stock penetrated a key resistance level on Monday and made new high. We recommend a buy.

L&T

Buy the stock in dips with stop at Rs 4,200.

ONGC

On Monday the stock found support at Rs 1,250 and bounced up. As long as the stock trades above this support level, the near-term trend remains bullish. Buy the stock in dips with tight stop-loss at Rs 1,250.

Reliance Communications

The stock is testing resistance at Rs 800 level. Fresh long should be initiated only when the moves above this resistance level.

SBI

The stock is moving sideways in a narrow range, above the 21-day moving average line. Buy the stock in dips with stop at Rs 2378 level.

What to Sell ?

Intra-Day: Sell Infosys, Satyam Computers at...


Infosys
We reaffirm our sell recommendation in this counter.

Satyam Computers

Our near-term outlook for the stock is bearish. Sell the stock in rallies with stop at Rs 432.

TCS

We note that the daily momentum indicator has entered the bearish region, which indicates further bearishness. We maintain our sell recommendation in TCS.
Selling in Tata Steel is the excellent stake

Bulls prevailed over Yesterday’s trading action. The sentiment reading of the tradable counters relics bullish. Bear move on Today is probable to change the sentiment reading in their favour. On the opposing the existing sentiment reading is probable to be strengthened with additional counters.
 

Nifty Futures

The January month agreement opened with a bear gap of around 94 points from its previous close. The January month contract moved within a range of around 126 points. The January month contract closed with a gain of around 24 points from its previous close.

The uptrend in the Nifty January month contract reversed during the initial part of Yesterday’s trading activity. The short entry level is placed quite far away from its last traded price. Bull move during Today is probable to trigger the long entry level.

Money Sector

The composition and the ranking of the top-10 list had small changes. Suzlon made its way to top-10 list pushing out ONGC. Infosys stirred from 3rd to 5th position in the list. Reliance Energy stirred from fifty to ninth position in the list. GAIL stirred from eighth to sixth position in the list. The long exit level for ONGC is placed at 1283.45.

But SAIL, Infosys, GAIL, Tata Steel and Suzlon all other counters in the top-10 list are in uptrend. The uptrend counters Reliance Industries and Reliance Capital are probable to be under threat for Today’s trading.


Conversely, bull stir on Today is probable to terminate SAIL and GAIL. Buying chances are probable to exist in SAIL, GAIL, Tata Steel and Suzlon. Selling chances are probable to exist in Reliance Industries, Tata Steel and Reliance Capital. The best is probable to be selling in Tata Steel. This counter is in sideways mode. Bear move on Today is probable to initiate a fresh downtrend in this counter.
 

Stock Futures

The opus and the ranking of the top-10 list had minor changes. Infosys and Hindalco made their ways to top-10 list pushing out SRF and IDBI. Reliance Energy moved from first to fourth position in the list. Reliance Industries, Reliance Capital and Tata Steel moved one step higher in the list. The long exit level for IDBI is placed at 171.80.

Except for Tata Steel, GAIL and Infosys all other counters in the top-10 list are in uptrend. The uptrend counters Reliance Industries, Reliance Capital and Hindalco are probable to be under threat for Today’s trading. Buying chances are probable to exist in Tata Steel, GAIL and Infosys. Selling chances are probable to exist in Reliance Industries, Reliance Capital and Hindalco. The best among the above is probable to be selling in Hindalco. This counter is in uptrend. Bear stir on Today is probable to reverse the existing trend in this counter.

Global Market
 

Scrip Watch
Manaksia will make it debut today. The company, incorporated way back in 1984 as Hindustan Seals, had come out with its IPO with a price band of Rs 140 - Rs 160 last month. The issue was subscribed nearly 9 times.

Satyam Computer Services Limited has announced that it has been awarded a major contract with Ireland's Further Education Training and Awards Council. Under the contract, Satyam will drive FETAC's implementation of Enterprise-Class BPM solutions for its core business processes. The stock may see some action today.

Market Outlook
The market is expected to open on a positive note this morning. Expectations of robust quarterly numbers from some leading companies will help speed up momentum to an extent. Buying is likely to remain stock specific.

Jan 07th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?
We recommend buying in CENTURION BANK support level at 64 to 71 levels. Buying recommended at lower levels. Stop Loss at 58level.

We recommend buying ICICI BANK with a stop Loss at 1220 level. Increasing goal at 1306 & 1320 levels; above 1352 level, it will zoom.

What to Sell ?

SBIN
This stock is moving with flat to weakness from few trading sessions. Buy this stock with stop loss of 2400+ for the target of 2340 to 2300. Major short term support will be at 2227 marks only.
Support- 2360/2336/2300 Resistance- 2400/2420/2445

TATA MOTORS
This stock has appeared with the resistance at 820 marks. Sell it with stop loss of 793+ for the target of 760. Break below 760 will result the move towards 725-700 marks.


BHARTI

Buy this stock on rise in the range of 955-960 keeping stop loss above 970 for the target near to 940 marks. Crucial support above 900 is only at 934.

 

Nifty Futures

 

Money Sector

Stock Futures

Global Market
 

Scrip Watch
India Bulls Financial Services will be in focus following the company's board of
directors approving a proposal to raise up to $ 1 billion through an issue of
ADRs/GDRs and FCCBs convertible into equity shares.

Market Outlook
The market is likely to open with a negative gap this morning and remain weak for
a better part of the session. Be aware buying blue chips may find support at
lower levels on expectations of strong quarterly results.

Jan 04th 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?

NTPC
Will try to touch 280-282 zones (or) 286 levels on upper side. Support at 264 & 268 levels. Buy if touches 252 level. Stop Loss at 246 levels. Above 298 levels, it will zoom.

HPCL FUTURES
In excess of 409-411 zones, expect a jump up to 417 levels. Support at 389 & 395 levels. Buy if stroke 373 level. Stop Loss at 357 levels. Above 432 levels, it will zoom.


SBI
Buy the stock in dips with stop loss at Rs 2,380 level.

Reliance Capital
We reaffirm our buy advice in this stock

What to Sell ?

Intra-Day: Sell ICICI Bank, Infosys at...

ICICI Bank
Contrary to our view, the stock fell in the last session and has formed a bearish engulfing candlestick pattern. We change our advice to sell.

Infosys

In line with our view, the stock declined on Thursday. Fresh selling should be made only when the stock declines below Rs 1,691.

L&T

Yesterday, the stock made a downward breakout of the narrow range of Rs 4,100 and Rs 4,200 and signaled bearishness.

Reliance Industries

Sell the stock only when it reverses from Rs 2,960 with tight stop loss.

Satyam Computer

The stock declined penetrating the 21-day moving average line. We continue with our sell recommendation.

TCS

We uphold our sell advice in TCS.

Nifty Futures

 

Money Sector

Stock Futures

Global Market
 

Scrip Watch

Market Outlook
 

Jan 03rd 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?
Intra-Day: Buy Reliance Capital at....

Reliance Capital

Buy Reliance Capital with stop loss at Rs 2,541.

SBI

We recommend a buy with stop loss at Rs 2,400

ICICI Bank
We recommend a buy..

ONGC

The stock surged in the last trading session. We retain our buy recommendation.
 

What to Sell ?

Intra-Day: Sell Reliance Industries, Satyam Computer at...

Reliance Industries
Sell the stock in rallies with stop loss at Rs 2,930.

Satyam Computer
As expected in our last column, the stock declined in the previous session. We uphold our sell recommendation.

TCS
We continue with our sell recommendation.
 

Nifty Futures

 

Money Sector

Stock Futures

Global Market
 

Scrip Watch
Shares of Burnpur Cement will make their debut on the bourses today. The company has fixed the issue price at Rs 12 a share of Rs 10 each. BGR Energy is another stock that will make its maiden appearance on the bourses today. The IPO issued at a price band of Rs 425 - Rs 480 a share that strike the market in December last year had received tremendous response from investors and was oversubscribed more than 115 times.

MTNL might see action on reports that the government may allow the company a pan-India mobile license. It is reported that the communication ministry is in favour of allowing MTNL to expand beyond Delhi and Mumbai circles in a bid to improve its falling profits.

Market Outlook
The market is probable to open with a pessimistic gap this morning. Though buying at minor levels is not excluding the hint is likely to stay extremely cautious with a negative bias for a better part of the session today. Suppose a few volatile spells during the course of the day.

Jan 02nd 2008

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?
Intra-Day: Buy ONGC, Reliance Capital at...

ONGC
Fresh buy should be initiated only when the stock moves above Rs 1,265.

Reliance Capital
We uphold our buy recommendation in this counter.

Reliance Communications
Buy the stock in dips with tight stop at Rs 731.
Pyramid Saimira Theatre Ltd

The company is close to get a multiplex chain in the United Kingdom that runs 60 screens across the country to mark the entry of Pyramid Saimira into the UK after it took
in excess of a alike chain in the US. The company is also in talks with multiplex developers in Malaysia and Indonesia and is conception to bring to India the concept of having cinemas with 10-12 screens.

HPCL

The group led by the LN Mittal- HPCL combine is mulling the option of housing its $6-bn Greenfield refinery- petrol-chemical zone in a Special Economic Zone (SEZ). At first the complex was expected to come up in the proposed petroleum chemicals and petrol-chemicals region. The petrol-chemical is expected to have 15 mn tones of crude processing capacity each year.

What to Sell ?

Selling in SAIL is the best bet

Yesterday’s trading action witnessed unstable movement. Though the sentiment reading of the tradable counters stay bullish. Bear progress today is probable to change the sentiment reading in their favour. On the contrary the present sentiment reading is probable to be toughening with added counters.

Nifty Futures

The January month agreement opened with a bear gap of around 13 points from its previous close. The January month contract stirs in a range of around 59 points. The January month contract closed with a loss of around two points from its previous close.

Unstable movement during the day reversed the uptrend in the initial part of the day’s trading. However through the later part of the day’s trading short position too exited. The nearest among the two is buying level. Bull move during Today is probable to initiate fresh uptrend in Nifty January month contract.

Money Sector

The composition of the top-10 list had small changes. Tata Power made its way to top-10 list pushing out VSNL. The long exit level for VSNL is placed at 750.95.

But Reliance Industries, ICICI Bank and Infosys, all other counters in the top-10 list are in uptrend. The uptrend counters SAIL, GAIL, Reliance Capital and HDFC are probable to be under threat for Today’s trading. On the other hand, bull move on Today is probable to terminate all the downtrend counters in the list. Buying chances are probable to exist in Reliance Industries, ICICI Bank and Infosys. Selling chances are probable to exist in SAIL, GAIL, Reliance Capital and HDFC. The best is probable to be selling in SAIL.

This counter is in downtrend. Bull stir on Today is probable to reverse the trend in this counter.

Stock Futures

The opus of the top-10 list had no changes. However, the ranking of the top-10 list had small changes. Reliance Industries and Reliance Capital interchanged their positions. ICICI Bank and MTNL interchanged their positions. The short exit level for SBI is placed at 2420.05.

But Reliance Industries, all other counters in the top-10 list are in uptrend. The uptrend counters Reliance Capital, GAIL, ICICI Bank, IDBI and VSNL are probable to be under threat for Today’s trading. Conversely bull move on Today is probable to terminate Reliance Industries. Only buying chance is probable to exist in Reliance Industries. Selling chances are probable to exist in Reliance Capital, GAIL, ICICI Bank, IDBI and VSNL. The best amid the over is probable to be selling in GAIL. This counter is in uptrend. Bear move on Today is probable to reverse the existing trend in this counter.

Global Market
 

Scrip Watch


Market Outlook
 

Dec 31st 2007

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?

Unitech Ltd

This stock has all time closes at 487 which came few days ago. Technically one can buy this stock with stop loss underneath 478 for the target of 488 and then 494. If market wait tough then it may even test 500 marks. Support- 478/474/469 Resistance- 488/494/500

TTML

This stock has not broken the support of 57 and seen good buying in last half of last
trading day. Technically it should to cross the marks of 62. One can take extensive with stop loss of 59.80 for the target of 62-63. Support -59.80/59/58 Resistance - 62/63/64

Tata Steel

Steel stocks are already in demand. This stock has previously shown strength above 900
marks. Technically one can buy this stock with stop loss of 924 for the target of 945 to
950. Below 924, trading long should be circumvent. Support- 924/915/905 Resistance- 940/948/960
Videocon Indus

Buy above 777 levels; expect a jump up to 794 levels by non-stop. Support at 714 & 731 levels. Buy if stroke 677 level on down side. Stop Loss at 658 levels. Over 832 levels.

Titan Futures

The mood is probable to reside cautious. Though the market is predictable to remain sideways for a better part of the session, a few volatile spells are not excluded.

What to Sell ?

 

Nifty Futures

 

Money Sector

Stock Futures

Global Market
 

Scrip Watch
Brigade Enterprises will make its debut today. The IPO from the real estate developer from Bangalore, made at a price band of Rs 351 - Rs 390 a share, had received a good response and was subscribed over 13 times.

Shares of eClerx Services Limited will also make their maiden appearance on the bourses today. The company had come out with its IPO (price band of Rs 270 - Rs 315) during the first week of this month.

Shares of shoe-maker Bata India may see action on reports that Reliance Retail has entered into a strategic alliance with the company to start its footwear business. Reliance is said to have entered into a distribution tie-up with Bata India to retail its private labels through Bata outlets. This would help Bata, as it gets an exclusive corner in all Reliance Footprint stores, the footwear format of Reliance Retail which are currently being rolled out across the country.

Market Outlook
Will try to stroke 1569 & 1582 levels on upper side. Support at 1533 & 1546 levels. Buy if touches 1503 level on down side. Stop Loss at 1443 level. Above 1612 level, it will zoom.

Dec 28th 2007

Click for Stock Recommendations by Anupam Kumar

Click for Stock Recommendations by Ghanshyam Vyas

Click for Stock Recommendations by Manish

Stock Recommendations by Paisacontrol

What to Buy ?

Intra-Day: Buy ONGC, Reliance Capital at…..

ONGC


Reliance Capital
The near-term trend is positive as long as the stock trades above Rs 2,500. We reaffirm our buy advice.

ICICI Bank
Buy the stock in dips with stop loss at Rs 1,228.

Infosys
We maintain our cautious view. Fresh long position should be initiated only when it moves above Rs 1,840.

L&T
Though the stock fell in the last session, we reiterate our buy advice.

Reliance Industries
We uphold our buy advice in RIL.

Satyam Computer
Traders should be cautious at current levels. Initiate long position when the stock breaches Rs 465.

SBI
Buy the stock in dips with stop loss at Rs 2,360.

TCS
We notice a flag pattern. Fresh buy should be initiated only when the stock moves above Rs 1,120.
The stock is still finding it difficult to move above the resistance level of Rs 1,260. Fresh buy should be initiated only when the stock moves above this resistance level.
 

What to Sell ?
What to sell....?

Intra-Day: Sell Reliance Communications at...

Reliance Communications

Negating our view, the stock declined in the last session forming a bearish engulfing candlestick pattern. Fresh sell should be initiated if the stock declines below Rs 725 level.


Reliance Industries

It has closed on strong note. It has technical resistance in the range of 2930 to 2955.
Yesterday it has slipped from a level very close to 2930. For today’s trade keep stop loss
At 2926 and short for the target below 2850. Below 2850 one can expect the break of
2800. Support- 2868/2850/2820 Resistance- 2930/2960/2980

SBIN

Yesterday also we have suggested short. It may see selling pressure at higher levels
If market goes negative anytime today. Our preferred range for short is 2390+ keeping
stop loss above 2410 for the target towards 2340. Crucial support is at 2300 marks.
Support - 2342/2318/2300 Resistances - 2390/2415/2430

Neyvelli lign

After a long rally from 60 to 260, it is now trading with down ward channel. One can short this stock at higher levels keeping stop loss above 250 for the target of 238 to 236. Support- 242/239/236 Resistance- 249/252/255

Selling in Reliance Industries is the excellent stake

Yesterday’s trading action witnessed unstable movement. The sentiment reading of the tradable counters changed to neutral. Bear move on Today is probable to change the sentiment reading in their favour. On the contrary, bull domination on Today is probable to change the sentiment reading in

Nifty Futures

The December month agreement opened with a bull gap of around 16 points from its previous close. The December month agreement moved within a range of around 41 points and it closed with a loss of around one point from its preceding close.

The long position in the December month Nifty agreement is terminated due to agreement expiry. The new entry levels are placed based on January month agreement. The long entry level is placed quite far away from its last traded price. This level is improbable to be triggered during Today’s trading activity. Bear move during Today is probable to initiate fresh short position in January month Nifty agreement.

Money Sector

The opus of the top-10 list had small changes. Tata Power made its way to top-10 list drive out BHEL. Tata Power took last place in the top-10 list. Apart from GAIL all other counters in the top-10 list are in uptrend. Except Reliance Energy and ICICI Bank all other uptrend counters are probable to be under threat for Today’s trading.

A lone buying opportunity is probable to exist in GAIL. Selling chances are probable to exist in all the counters except Reliance Energy and ICICI Bank. This counter is in uptrend. Bear move on Today is probable to reverse the existing trend in this counter.
 

Stock Futures

The opus of the top-10 list had no changes. However, the ranking of the top-10 list had small changes. IDBI moved from fifth to last position in the list. GAIL moved one step higher in the list. ICICI Bank moved from 8th to 6th position in the list. MTNL moved from last to 8th position in the list. All the positions in the top-10 list are terminated due to expiry. Buying chances are probable to exist in all the counters. Selling chances are probable to exist in all the counters except GAIL. The best among the above is probable to be buying in NTPC and it is in sideways mode.

Global Market
 

Nikkei falls 2pct on Bhutto killing, firmer yen
Tokyo: The Nikkei average fell 2 per cent on Friday as the assassination of Pakistani opposition leader Benazir Bhutto sparked concerns about geopolitical risk and exporters such as Canon Inc were hurt by a firmer yen.

US stocks: Wall St sinks with Bhutto killing

New York: U.S. stocks dropped yesterday as a murder in Pakistan sparked fears of global turbulence, while an analyst warning of larger mortgage-related write-offs pressured financial shares

Scrip Watch

Shares of Arcotech Limited will make their debut on the bourses today.

Transformers & Rectifiers is the additional stock set to make its debut today. The IPO, priced at Rs 465 a share, had received overwhelming response from investors and was oversubscribed 89 times. Shares of engineering major Larsen & Toubro may attract attention on reports that the company is planning to invest Rs 18 billion in the oil and gas and port sectors.
Market Outlook

The market is predictable to open on a weak note. Some big and midcap stocks may take a severe beating in morning trade. However, elevated net worth investors and operators may grab the chance and lap up stocks at lower levels.
More >>