After the RBI news yesterday our market will be much more stable today. Any dips intraday should be used as a buying opportunity. Please make sure when you take up positions in FnO as rollovers may cause irrational movements in individual stocks.
Intraday Calls (Cash Levels)
Buy GE Shipping - CMP - 411.15 - Tgt 416.5 - 422- 427 - 432 Sl 405.6
Buy IDFC - CMP - 208.4 - Tgt 211.3 215.5 - 222.7 Sl 204.4
More Live Calls in the chatroom be there!!!!!
Wednesday, January 30, 2008
Tuesday, January 29, 2008
Market View - 29/01/2008
Market View - Volatile with positive bias - As of now until expiry please take majority of positions with a view of covering it during the day.
Intraday Call (Cash Levels)
Buy BRFL - Cmp 293.1 - Tgt 297 - 300 - 304 - 307 - 311 - 317 sl 290.5
Buy Power Grid Corp - Cmp 117.7 - Tgt 119.4 - 121.5 - 123 - 125.5 - 127 sl 113.9
More calls live during market hours be there!!!!!
Intraday Call (Cash Levels)
Buy BRFL - Cmp 293.1 - Tgt 297 - 300 - 304 - 307 - 311 - 317 sl 290.5
Buy Power Grid Corp - Cmp 117.7 - Tgt 119.4 - 121.5 - 123 - 125.5 - 127 sl 113.9
More calls live during market hours be there!!!!!
Monday, January 21, 2008
NIFTY VIEWS - Looking Ahead
WE have Seen today the highest fall in the histroy of the Indian Stock Market - And It came like a bolt out of the blue - - meaning nobody expected it - so what ahead of us.
Why does the market correct so much ? Well the fundamentals havent changed for the markets to correct so much - well i have to say the fundamental were same a few months back as well
why did we run up like this - yes the interest rate cuts were one the reason - otherwise it is plain speculative activity with wholesale participation from the retail.
Me working in a brokerage house can sense the setiments of the retail people - most of whom missed the rally from 15000 to 18000 and they had entered at 18500 levels.
So any fall was meant as a buying opprtunity and they did make money twice when the markets fell by 1000 points only to gain back the points in a few days time.
Well this time as well the same people expected a rise after few days but are badly stuck in positions or exited in loss.
Ok now coming back to the situation what is ahead for us -
If you ask me - i would say to accumulate stocks - good quality stocks - let the markets correct doesnt matter - these are the stocks that will give you peace of mind and good returns in the years to come. Many may say "YEARS" is too long.
Again my advice - Hold stock with long term perspective you wont regret it - Enjoy the Indian Bull run which is not for 2 or 3 years but for 10-15 years.
So how does nifty look for us now. My view is that Nifty Spot Supports 5180 - 5080 - 4940 - 4740 - 4500 and thts where we will stop if the down trend continues.
And the uptrend will only occur if Nifty closes above 5445 spot.
For your reference i have put up a nifty chart from 3/4/2006 to 21/8/2008.
Happy Investing
Tuesday, January 15, 2008
Market Views and Intraday Calls 15/01/08
Happy Pongal - Happy Sankranthi
Markets will be volatile with Positive bias. Nifty resistance will be 6280 and intraday support will be 6120. One can think about buying IDFC , the results have been much above expectations.
Buy HCC Fut - Tgt 243-248 sl 232/ Cash Levels - Tgt 240-244-251 sl 230
BuyHindoilExp Fut - Tgt 151 -154 -156 sl 145 /Cash Levels - Tgt 149 -152 -155 sl 144
More Live calls in the chatroom be there!!!!!!
Markets will be volatile with Positive bias. Nifty resistance will be 6280 and intraday support will be 6120. One can think about buying IDFC , the results have been much above expectations.
Buy HCC Fut - Tgt 243-248 sl 232/ Cash Levels - Tgt 240-244-251 sl 230
BuyHindoilExp Fut - Tgt 151 -154 -156 sl 145 /Cash Levels - Tgt 149 -152 -155 sl 144
More Live calls in the chatroom be there!!!!!!
Monday, January 14, 2008
Market View and Intraday Calls - 14/01/2008
Markets for the day will be highly volatile, If the markets open gap down , it will be abying opprtunity. But any fall late in the afternoon will not present the same picture.
Supports for Nifty is at 6140-6130 and 6040-6050
Buy JP Assoc Fut - 445 Tgt 448 - 454 - 459 sl 438
Buy Gail Fut - 510 - Tgt 514 - 519 - 524 sl 502
Be in the Chatroom for More live calls
Supports for Nifty is at 6140-6130 and 6040-6050
Buy JP Assoc Fut - 445 Tgt 448 - 454 - 459 sl 438
Buy Gail Fut - 510 - Tgt 514 - 519 - 524 sl 502
Be in the Chatroom for More live calls
Saturday, January 12, 2008
Rel Power IPO View
By Mid January 2008, India's largest IPO till date, the Rs 11500 crore Reliance Power IPO would have opened, and though CNBC and its leadership have been at the forefront of a campaign to avoid the issue, a closer look might suggest beneficiaries lie elsewhere and so the Issue must be successful.-7000 MW of Power Generating Capacity proposed by Reliance Power will cost Rs 28,000 to Rs 30,000 crore ande become available by 2011.
-Overall Capacity of Reliance Power Will rise to 26000 MW by 2016, and cost Rs 104,000 crore.-Beyond the Equity element of Rs 11500 crore, Banks and FIs will fund the balance Rs 90,000 crore as Debt. If CNBC is to be believed, then all Banks should have substantial NPAs and possibly close by 2016. So why should we not pull out all our money and stuff under the mattress.
-In a Power Gen project, 95 per cent of the Investment goes into land rest into Equipment. Here we are talking of a collective order book for Siemens, Alstom, Bhel and ABB of the magnitude of Rs 95000 crore which 4-5 times the Revenues these concerns generate in a year.-This will need Building up of New Power Plants by Bhel, Siemens, Alstom and ABB unless the Equipment gets imported.
-The Power Grid and Transmission Capacity will have to be raised to enable this additional power generated to move. This will imply higher demand for Crompton Greaves, Areva, Bharat Bijlee, Jyoti Structures, Sujana Tower and RPG Transmission.-There will be additional requirement of Steel Wires, Steel Structurals and fresh production of Steel making capacities to sustain this growth in Demand from the Power-Downstream segements. So Iron Ore Mines and Mining Equipment manufacturers like Revathi, Atlas Copco, TIL and Ingersoll Rand will be favoured.-Then there will be the producers of electricals Havells, Genus, LNT, Indo Asian Fuse Gear, which will need colossal amounts of circuit breakers, switchgears and modern tripping systems.
-Finally, we will need more Coal mines either in India or Overseas to sustain these Thermal Plants which are proposed to be set up by Reliance Power, and there might be some based upon Gas and Nuclear Fuel, for which separate fuel requirements will have to be met.-At roughly $ 30 bn of direct investments Reliance Power would have cost about 3 per cent of India's GDP by 2016 and will add about roughly $ 40 bn or 4 per cent of India's additional GDP by 2016.-Overall success of Reliance Power will imply prosperity for millions of people in the country who have waited for 6 decades to see Light and Employment.-A success of Reliance Power will also mean a success of the GOI policy to promoter Ultra Mega Power Plants with a single location capacity of 4000 MW and costing anywhere between Rs 16000 to Rs 20000 crore and prime examples are Sasan, Mundhra and Krishnapatnam bagged by Tata Power and Reliance Power.-Most of these UMPPs will be set up as Special Purpose Vehicles and listed in Overseas nations, minimising risk for local investor and broadbasing investor participation. If SPVs were not there none of the mammoth Real Estate projects being set up by DLF or Unitech go off the plinth, but they are going ahead.
-Reliance Power too is not headed by fools, and so most of their expansions will come under SPVs minimising risk.-More importantly Promoters and QIP are taking placements at the same price as general investors, so where is the self aggrandisement of Mr. Anil Ambani?-Even as I write there is a Power cut in Delhi and it has lasted 2 hours a day for most of this Winter and for the past 44 winters I have seen the scenario has been ranging from grim to pitiful.-I remember standing in Queues to pay power bills in the past, to crooked GOI servants, and these people now work under Reliance Energy and Tata Power Distcoms in Delhi without creating problems for civillians.-The GOI intends to put up 8 such UMPPs costing Rs 160,000 crore over the next decade. Will all these projects too would be unviable as per CNBC or do we see a massive transformation like China, which set up one Thermal plant every week for the last 5 years?-Stock valuations are a trade-off between High Initial Equity sold at par or Low Equity sold at premium, to generate better earnings per share for the Investors. It can be argued whether the pricing of Reliance Power is aggressive, to caste motives on the management is incorrect.
-Each and Every Investor has the right to or not to participate in the Reliance Power issue, and thus far no one has put a gun to anyone's temple for putting a application in the IPO. This is a conscious choice each investor can make without recourse to the gigolos at CNBC and the sluts they display daily.-To the best of my knowledge no journalist ensconced in cushy chairs and luxury clothes have ever had a hard days work setting up a power plant, pulling transmission wires over deserts and hills or dug up mines in sub human conditions. If they had done anything of this magnitude they would not have taken sides on the Reliance Power issue.
-If the guys in the media were to be believed the Mundhra Port would have never happened, neither would have Pipavav and Natural Gas would not have been found by Reliance but by Ongc. That the private sector is thriving and contributing needs to be appreciated and backed up by investors.-Those who cannot take risks or will not hold out for 10 years have better options in the Power, atleast 20 of them and they would do well to take their money elsewhere rather than be a part of the Valuation, PE, market cap to Sales and Book Value story being popularised by Reliance Power.-7 years ago TV18 had come on-stage with a bang listed at Rs 1600 a share, today the CNBC guys are rich even after excercising their stock options at ludicrous prices, I think "history got repeated" but those guys instead of repenting are condemning others.
Courtesy:-Rangarajan , Traderji
-Overall Capacity of Reliance Power Will rise to 26000 MW by 2016, and cost Rs 104,000 crore.-Beyond the Equity element of Rs 11500 crore, Banks and FIs will fund the balance Rs 90,000 crore as Debt. If CNBC is to be believed, then all Banks should have substantial NPAs and possibly close by 2016. So why should we not pull out all our money and stuff under the mattress.
-In a Power Gen project, 95 per cent of the Investment goes into land rest into Equipment. Here we are talking of a collective order book for Siemens, Alstom, Bhel and ABB of the magnitude of Rs 95000 crore which 4-5 times the Revenues these concerns generate in a year.-This will need Building up of New Power Plants by Bhel, Siemens, Alstom and ABB unless the Equipment gets imported.
-The Power Grid and Transmission Capacity will have to be raised to enable this additional power generated to move. This will imply higher demand for Crompton Greaves, Areva, Bharat Bijlee, Jyoti Structures, Sujana Tower and RPG Transmission.-There will be additional requirement of Steel Wires, Steel Structurals and fresh production of Steel making capacities to sustain this growth in Demand from the Power-Downstream segements. So Iron Ore Mines and Mining Equipment manufacturers like Revathi, Atlas Copco, TIL and Ingersoll Rand will be favoured.-Then there will be the producers of electricals Havells, Genus, LNT, Indo Asian Fuse Gear, which will need colossal amounts of circuit breakers, switchgears and modern tripping systems.
-Finally, we will need more Coal mines either in India or Overseas to sustain these Thermal Plants which are proposed to be set up by Reliance Power, and there might be some based upon Gas and Nuclear Fuel, for which separate fuel requirements will have to be met.-At roughly $ 30 bn of direct investments Reliance Power would have cost about 3 per cent of India's GDP by 2016 and will add about roughly $ 40 bn or 4 per cent of India's additional GDP by 2016.-Overall success of Reliance Power will imply prosperity for millions of people in the country who have waited for 6 decades to see Light and Employment.-A success of Reliance Power will also mean a success of the GOI policy to promoter Ultra Mega Power Plants with a single location capacity of 4000 MW and costing anywhere between Rs 16000 to Rs 20000 crore and prime examples are Sasan, Mundhra and Krishnapatnam bagged by Tata Power and Reliance Power.-Most of these UMPPs will be set up as Special Purpose Vehicles and listed in Overseas nations, minimising risk for local investor and broadbasing investor participation. If SPVs were not there none of the mammoth Real Estate projects being set up by DLF or Unitech go off the plinth, but they are going ahead.
-Reliance Power too is not headed by fools, and so most of their expansions will come under SPVs minimising risk.-More importantly Promoters and QIP are taking placements at the same price as general investors, so where is the self aggrandisement of Mr. Anil Ambani?-Even as I write there is a Power cut in Delhi and it has lasted 2 hours a day for most of this Winter and for the past 44 winters I have seen the scenario has been ranging from grim to pitiful.-I remember standing in Queues to pay power bills in the past, to crooked GOI servants, and these people now work under Reliance Energy and Tata Power Distcoms in Delhi without creating problems for civillians.-The GOI intends to put up 8 such UMPPs costing Rs 160,000 crore over the next decade. Will all these projects too would be unviable as per CNBC or do we see a massive transformation like China, which set up one Thermal plant every week for the last 5 years?-Stock valuations are a trade-off between High Initial Equity sold at par or Low Equity sold at premium, to generate better earnings per share for the Investors. It can be argued whether the pricing of Reliance Power is aggressive, to caste motives on the management is incorrect.
-Each and Every Investor has the right to or not to participate in the Reliance Power issue, and thus far no one has put a gun to anyone's temple for putting a application in the IPO. This is a conscious choice each investor can make without recourse to the gigolos at CNBC and the sluts they display daily.-To the best of my knowledge no journalist ensconced in cushy chairs and luxury clothes have ever had a hard days work setting up a power plant, pulling transmission wires over deserts and hills or dug up mines in sub human conditions. If they had done anything of this magnitude they would not have taken sides on the Reliance Power issue.
-If the guys in the media were to be believed the Mundhra Port would have never happened, neither would have Pipavav and Natural Gas would not have been found by Reliance but by Ongc. That the private sector is thriving and contributing needs to be appreciated and backed up by investors.-Those who cannot take risks or will not hold out for 10 years have better options in the Power, atleast 20 of them and they would do well to take their money elsewhere rather than be a part of the Valuation, PE, market cap to Sales and Book Value story being popularised by Reliance Power.-7 years ago TV18 had come on-stage with a bang listed at Rs 1600 a share, today the CNBC guys are rich even after excercising their stock options at ludicrous prices, I think "history got repeated" but those guys instead of repenting are condemning others.
Courtesy:-Rangarajan , Traderji
Friday, January 11, 2008
Intraday Calls For 11/01/08
Hi All
Updating the blog after a long time. Hope I can update the blog on a daily basis.
Today the maket will be highly volatile but with positive bias, The Fed chairmans speech yesterday hinted of a interest rate cute in january and again in the coming months.
Infosys results are out and have been on the expected lines. The stock has not seen a rally which it usually sees before announcement of its results. I hope the rally from now on will be after the results.
Buy Infosys for Intra day with sl 1580 tgt 1630-1650++
Buy Infosys for ST with same sl for a tgt of 1710 and above
hope you all are in the safe as we have been warning about a correction - be online during the mkt hours for more live updates
Updating the blog after a long time. Hope I can update the blog on a daily basis.
Today the maket will be highly volatile but with positive bias, The Fed chairmans speech yesterday hinted of a interest rate cute in january and again in the coming months.
Infosys results are out and have been on the expected lines. The stock has not seen a rally which it usually sees before announcement of its results. I hope the rally from now on will be after the results.
Buy Infosys for Intra day with sl 1580 tgt 1630-1650++
Buy Infosys for ST with same sl for a tgt of 1710 and above
hope you all are in the safe as we have been warning about a correction - be online during the mkt hours for more live updates
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