Thursday, August 31, 2006

NIFTY SEP 1ST


NIFTY has cracked a rising wedge shown with red lines need to figure out how serious is this crack as today was expiry so techicals mostly go for a toss on upside immediate resistance at 3435 above that we will be safe intraday downside nifty has support at 3396 below 3375 is risky.
cheers
rish

Whats wrong with SUGAR

EID PARRY ploping in a steep channel 165-162 looks good support








Dhampur sugar ploping in a steep channel as if thers a no stop for the fall.







BALRAMPUR CHINI darling of many this also ploping in a steep downward channel today breached 90 barrier also 88 looks good support ,can accumulate this stock till 80 levels ,below that i have no idea chart shows it all.







BAJAJ HIND many thought this stock bottomed out chart too was suggesting that but it again started ploping anyhow charts shows support near 290 levels









IF any one who tracks sugar fundamently as well comments are welcome do share your views

PS:- CHARTS CAN BE ENLARGED BY CLICKING ON THEM

Boeing, Airbus plan to invest heavily in India

NEW DELHI - Boeing Co. and Airbus plan to invest heavily in India to build maintenance centers and training facilities as the aircraft makers compete for a larger share in one of the world's fastest growing markets for commercial jets.

The European Aeronautic Defense & Space Co., the Franco-German company that controls Airbus, said Tuesday that it will invest as much as $2.6 billion in India over the next 15 years.

The investments will include setting a technology center and an Airbus engineering unit, EADS Chief Executive Tom Enders said in a statement.Separately, Boeing Co. signed an agreement with the western Indian state of Maharashtra Tuesday to set up a maintenance, repair and overhaul facility with $100 million in investment. The U.S. aircraft maker will invest a further $85 million to install four aircraft simulators and provide training support.

The Boeing announcement came a day after the company dramatically boosted its forecast for the Indian market, saying the country will buy 856 new jets worth $72 billion over the next 20 years to keep pace with the boom in air travel.

The investments by the aircraft makers, analysts said, are aimed at tapping the fast-expanding aerospace and defense markets in India and its vast pool of low-cost engineering and software skills, analysts said."If you look at the Indian aviation market now and the potential it holds in the next 20 years, the companies have to make these kinds of investments," said Kapil Kaul at the Center for Asia Pacific Aviation, a regional consulting firm.

"India is a priority country for EADS as it offers market potential and solid aerospace and defense competencies," Enders said in the statement. "We will facilitate the creation in India of training centers for pilots and mechanics, maintenance and spare-part distribution centers."

Enders, who was in India as part a German government delegation, said EADS hopes to bring the proposed technology center into operation by the second quarter of 2007, employing as many as 2,000 workers.

The engineering unit of Airbus will focus on high-end engineering analysis and design and will eventually work with several Indian aeronautic suppliers. It is expected to start rolling next year.

In addition, EADS would set up a sourcing office in India, with branches in New Delhi and Bangalore, by end of this year.

SUZLON


SUZLON can be longed with a sl below 1221 for a t1 of 1270+
has good support near 1190
cheers
rish

Wednesday, August 30, 2006

ZEE TV


ZEE long above 290 for a target of 300 and then 310 keep a sl of 285
cheers
rish

Tuesday, August 29, 2006

SATYAM


SATYAM creeping up in its big up channel also tappering towards upside as shown by 2 converging trendlines will target 830 in coming days good support near 800+ levels

RELIANCE


RIL long with a sl of 1106 for a t1 of 1135 and a t2 of 1150
cheers
rish

nifty intraday


look for 3420 for downside as of now 3430+ resisting

ROLTA


rolta made triple top any move above it stock will target 242
217-220 is a good support trade accodingly
cheers
rish

Monday, August 28, 2006

BALA SPONGE


BALA SPONGE MADE A BIG PENNANT AND HAS BROKEN OUT RESISTANCE NEAR 60 LEVELS ABOVE WHICH IT WILL SPURT TO 66-68. 56+ IS STRONG SUPPORT TRADE ACCODINGLY.
CHEERS
RISH

Sunday, August 27, 2006

TV 18


TV 18 is moving in a slanting channel from quite some time without touching the support trendline while it tried to touch resistive trendline thrice, that shows the power of buying in this stock off late the stock is making a flag pole kind of pattern ie pole made with good volumes and the flag being made on quite low volumes compared to pole this will be a bullish flag pole as its seen in an upmove so after the completion of this pattern we can see the price to touch around 720.
TRADE SPECIFICATION
LONG ABOVE:-655
SL:-644
FOR INVESTORS SL CAN BE 605
cheers
rish
PS:-CHECK THE MARKET TREND BEFORE GETTING INTO THE TRADE

INVASION OF STOCK HACKERS


Arriving home from a five-week trip to Belgium and India on Aug. 14, a jet-lagged Korukonda L. Murty picked up his mail – and got the shock of his life. Two monthly statements from online brokerage E*Trade Financial Corp. showed that securities worth $174,000 – the bulk of his and his wife's savings – had vanished. During July 13-26, stocks and mutual funds had been sold, and the proceeds wired out of his account in six transactions of nearly $30,000 apiece. Murty, a 64-year-old nuclear engineering professor at North Carolina State University, could only think it was a mistake. He hadn't sold any stock in months.
read more about it here......

Saturday, August 26, 2006

BOMBAY DYEING


BOMBAY DYEING after having done with its recent spurt has calmed down a bit,Ironically chart looks like making a head and shoulder left shoulder done, head done ,right shoulder rise done,right shoulder fall happening now we hv three chances either it bounces from current level or bounces from redline else plops ones crosses redline.So to safe gaurd your long positions keep a stop loss on red line that is around 625-30 range.
cheers
rish

Friday, August 25, 2006

BANGALORE banking on hotel boom


Bangalore: It's been called the city of pubs, the Garden City and more recently, India's Silicon Valley. Now Bangalore is ready for another flattering title of the fast-emerging, up and coming hospitality hub.

In the next three years, the city will be ready to play a rich host to its ever-increasing number of tourists with 35 new hotels and 8,000 additional rooms.

The mammoth task would mean an investment of Rs 3,000 crore.

"I think the demand is there and provided that the demand outstrips supply, there will be that inequity between rooms for guests and corporates who are flying in," General Manager Leela Palace Hotel, Rudy Oretti says.

The ITC Group is building a 230-room luxury hotel and plans another one. The Taj Group and Bharat Hotels are finalising projects, and the Leela Palace and Resorts is adding 105 rooms to its property.

Global chains such as JW Marriott, Hilton and Radisson are also said to be eyeing Bangalore.

Most of the new hotels are expected to be ready by 2008 which is when the new international airport will also start functioning.

A report by global property consultant DTZ says that in three years, the luxury segment will grow by 3,500 rooms with investment of Rs 1,500 crore.

The up-market segment will get 2,400 more rooms and the mid-market segment will have 1,800 additional rooms. The budget and economy segment will grow by 500 rooms.

Even with the new projects experts anticipate a shortfall of a few thousnd rooms, Bangalore’s appetite for more and luxurious does not look like it’s easy to satiate.

courtesy:-CNN IBN

WIPRO


WIPRO will be a safe bet above red line thats its double top resistance long it above 518 with a sl below 515.
cheers
rish

GSFC


possible pennant or flag pole long above 175 for a t1=190+ and a t2=200+
cheers
rish

Thursday, August 24, 2006

GHCL


GHCL converging trendline accumulation with dripping volumes happened for a week before breaking out (pennant)long above 180 t1=188 t2=196.
cheers
rish

The Skyscraper Indicator

Far too often, a company, country, or civilization builds a tall, lavish building and experiences disaster shortly thereafter. Start in Babylon, circa 2800 B.C., when the conqueror Nimrod attempted to build "a tower that reaches to the heavens, so that we may make a name for ourselves." The Lord, we are told in the "Book of Genesis," threw the builders into confusion, halting construction permanently.

Right up to modern days, the landscape is littered with disastrous examples of the tendency to build high before a fall. The soaring towers of Southeast Asia, completed before the 1997 crash, come to mind. The world's current tallest buildings, the Petronas Towers, were completed in Kuala Lumpur in 1997, the year the Malaysian stock market fell 50 percent. The December 28, 1999, christening of the world's largest video display, the Nasdaq's $37 million MarketSite Tower in Manhattan's Times Square, came just three months before a 70 percent, 18-month crash in the Nasdaq Composite Index. Enron had almost completed a lavish 40-story tower designed by celebrity architect Cesar Pelli when it filed for bankruptcy in 2002.

John Newbegin, who runs a Web site called nycskyscrapers.com , wrote us: "I was totally fooled as to Enron's true financial condition] by the beautiful building... They appeared to be by far the most prosperous of all the energy companies I saw, judging from the appearance of the edifice. I was convinced that they were huge and had all kinds of innovative assets and infrastructure all over the U.S."

On October 10, 2002, Enron's brand-new skyscraper, complete with an eight-story-high trading floor, was sold for one-third of its $300 million cost to help pay off some $50 billion owed to creditors.

the new "tallest" building, the Shanghai World Financial Center, is under construction in China. Even higher towers are proposed for India and New York. Investors should beware.

Our friend Don Siskind, one of the most respected real estate attorneys on Wall Street, singled out the Lloyds of London building, Drexel Burnham Lambert's 7 World Trade Center offices, and David Paul's savings and loan in Miami as prime examples. "All of the foregoing took more or less the shape of a phallic symbol," he noted.

For further insight into the phenomenon, we consulted William Mitchell, dean of the School of Architecture and Planning at the Massachusetts Institute of Technology, in an interview and series of e-mail exchanges. In a seminal December 1997 Scientific American article titled "Do We Still Need Skyscrapers?" Mitchell had argued that the computer and telecommunication revolutions have reduced the need to keep centralized paper files and assemble office workers in expensive downtown locations. After the destruction of New York's World Trade Center on September 11, 2001, his ideas seem remarkably prescient.

We found Professor Mitchell in an office stacked with skyscrapers of bookshelves twice his height. (The intensive use of capital in the form of book stacks in the very valuable and limited space available in the office provides a nice metaphor of one of the major findings in urban economics: The more valuable the land, the more economical it is to build higher buildings, so as to concentrate capital and labor.) It turned out that the professor is a man of many hats as well as provocative theories. He writes a book every year or two, serves as dean of the school, teaches a few classes, and serves as architectural advisor to the president of MIT on a massive half-billion-dollar center for computer, information, and intelligence sciences.

The World Trade Center attack, Mitchell said, highlighted yet another argument against skyscrapers: security concerns. Vulnerability to natural disasters also argues for decentralization.

We pressed Mitchell for examples that support his assertion that skyscrapers were becoming dysfunctional. Since his daughter is attending New York University's Stern School of Business Administration, we asked him to imagine what he might say to her graduating class about the lessons architecture holds for investors.

"Skyscrapers," Mitchell said, "exist essentially to exploit concentrations of infrastructure and population in urban centers." Downtown land is expensive, so there is a motivation to build as high as possible to reap the maximum return on investment. "But, the higher you build, the greater the proportion of each floor that must be devoted to structure (holding the building up and providing resistance to wind) and to vertical circulation (elevators, pipes, and ducts). No matter how valuable the site, you eventually reach a point where it makes no economic sense to add another floor. It is technologically possible to go beyond this point, but the reasons for doing so are ones of pride and prestige, or bragging rights about being "the tallest." Manhattan's World Trade Towers and Kuala Lumpur's Petronas Towers are clear examples of skyscrapers that were pushed higher than the point of rationality in order to gain attention and prestige."

Investors, he went on to say, should take a good look at organizations that seek the title of "the tallest." "I suspect you would find that going for the title of 'tallest' is a pretty good indicator of CEO and corporate hubris. I would look not only at 'tallest in the world,' but also more locally—tallest in the nation, the state, or the city. And I'd also watch out for conspicuously tall buildings in locations where the densities and land values do not justify it; skyscrapers make a lot more sense in Hong Kong than they do in Omaha."

"When it comes to buildings," he concluded, "bigger may be better, but biggest usually isn't best."
by Victor Niederhoffer and Laurel Kenner

Wednesday, August 23, 2006

ACC ON SUPPORT


ACC fell from its recent resistance of 918+ and its now resting on its trendline support trade accordingly.
cheers
rish

Tuesday, August 22, 2006

ICICI BANK PENNANT


icici making pennent volumes confirm that long above 583 targets are 615 and 630.
cheers
rish

I-FLEX PENNANT


I FLEX again making a pennant volumes confirm that take delivery of stock with a sl of 1430 and buy it at 1451 for a target of 1500 and an over all pennant target of near 1600.
cheers
rish

Sunday, August 20, 2006

S KUMARS


SKUMAR moving in a channel good thing volumes are back in this script long with a sl of below 66 target all time high 71.95 above which it will be in uncharted region can easily see 80 in a supportive market.
cheers
rish

VSNL TRIANGLE BREAKOUT


VSNL broke its triangle heading to its first pause 428-30 keep a sl of 401
cheers
rish

Saturday, August 19, 2006

ACC


ACC creeping up on its channel has good support at 885 finds next resistance at 918.
cheers
rish

HTMT


HTMT cup&handle formation looks ready for a breakout long this can fly after 563
cheers
rish

CENTURY TEXTILE


century textile is poised break congestion range long with sl 425 target near 450+

Friday, August 18, 2006

NIFTY 18TH AUGUST


ON 17TH nifty did breach 3375 but that was just a spike and then for for full day trade we were not able to retest it for a smooth up move 3375 should be taken out support and resistance points are given on chart trade accordingly.
cheers
rish

Thursday, August 17, 2006

MTNL


mtnl is breaking out long it only above 156 for a target of 160 and then 166
see the trend of market before taking position in trade.
cheers
rish

ASIAN ELEC


asian elec is making a pennant buy at cmp for a t1 of 427 and an t2=472.
cheers
rish

INDIA BULLS


INDIA BULLS making a pennant buy above 284 for a t1 at 300+ and over all pennant target at 320+.
cheers
rish

Wednesday, August 16, 2006

NIFTY 17TH AUGUST


UPMOVE channel trendline is still intact worry only if we violate that,today we had a solid gap up and usually what happens is market becomes side ways after a gap up and we saw that today, tommorow could be a crutial day.Nifty support exists at 3345,(3317-3325 )and then at 3290 on upside we hv a still resistance at 3375+ trade accordingly.
cheers
rish

Tuesday, August 15, 2006

cosmo films


long above 100 for a target of 115+ in coming days
cheers
rish

CENTURY TEXTILE


CENTURY textile trading on its resistance 420-425 is a stiff resistance for century textile longs only above 425 with a sl of 420.If market turns weak it could be a nice short at 425-420.
cheers
rish

Monday, August 14, 2006

STERLING BIO


sterling bio making an pennant can long this at cmp for a pennant target of 115+
cheers
rish

Saturday, August 12, 2006

CADILA


cadila making an pennant long on cmp for a target of 640 in few trading sessions
cheers
rish

Friday, August 11, 2006

NIFTY 11th august



nifty's yesterdays close got it near to the trendline support (trendline started from 2880 levels) break below that trendline can see some sharp reaction. nifty support exists at 3232 and 3205. On upside nifty immediate resistance is at3275-3280 levels see the levelsand trade.
cheers
rish

Thursday, August 10, 2006

BONGAI REF


PENNANT SEEN IN BONGAI target at least 56 long at cmp.
cheers
rish

Wednesday, August 09, 2006

voltas pennant


VOLTAS making an pennant long it above 796 for t1=840+,t2=911
cheers
rish

NTPC PENNANT


NTPC making a pennant long above 122 pennant target 130+
cheers
rish

AUROBINDO PHARMA


aurbindo making a pannant long above 609+ t1=635-40
over all pennant target of 670+.
cheers
rish

Tuesday, August 08, 2006

DR REDDY-- PENNANT


DR REDDY too making an pennant long this above 1415. 1390 is a good support t1=1450-60
t2=1510.CHECK MARKET TREND BEFORE GETTING INTO TRADE.
cheers
rish

BAJAJ AUTO triangle


awaited breakout from a triangle in bajaj auto can happen any time long this above 2665 has support around 2635-40 levels.
cheers
rish

ONGC


ONGC support near 1135-1350 thats a good support band for the stock a bounce near from there can see stock targeting 1185.
cheers
rish

Monday, August 07, 2006

SIEMENS


siemens is making an triangle long it above 900 can see 920-25.890 is a good support see the market trend before getting into trade , if the market is choopy as today avoid trading.
cheers
rish

Sunday, August 06, 2006

Rendezvous With The Market


The bulls and the bears all appear to be geared up to astound the market to its own
whims & fancies. When we come across the bizarre market, we can t help but think of
Snow White s magic mirror to ask Mirror, mirror on the wall, when will the Sensex fall?
While there is barely any way to know what tomorrow might bring forth, there seems to
be a clear consensus on the million-dollar question -- where are the markets headed? If
you take the benchmark Sensex outlook as an indicator - the outlook is bullish.
Does anyone really need to invest in stocks in this market mayhem?
Stocks are a must for any serious investor. Stock markets have always been a draw for
investors for their ability to generate wealth over the long-term. Many have been at it, but
few can claim to have mastered the art of investing in stocks. In most cases, investors
have just not been able to appreciate the higher risks associated with stocks. Fear,
greed and a short-term investment approach act as hurdles that frustrate the investor
from achieving his/her investment goals.
In stocks, you can make unbelievable money. They add that extra dynamism to your
collection of investments. It's not uncommon for people to have doubled their money inthe last one year. On the flip side, when the markets crashed in May, many people lostmore than a quarter of their investment. No doubt the risk is higher with shares. But ifyou are in for the long haul, so are the potential returns.

But before you plunge and invest in the stock market, get your basics right -
Get educated: Read about stocks and the market.

Develop financial goals: Build investing and stock selecting strategies
Research individual stocks: Read annual & quarterly reports. Have a glance at the financial statements
Invest in what you know: Consider stocks of companies that you are familiar with & on
those you have confidence on performance
Diversify: Never place all eggs in one basket
Appetite for risk: Stock market can be a roller coaster ride, hence assess your appetite for risk before investing Study the Price.
earnings ratio: Check the norms of the company in relation to the industry to which it belongs
Never think that by investing all your money today, you will be a millionaire next month.
Invest for the long term.
Stock market is no rocket science, needs no breaking of any Da Vinci Code to interpret it. Hold on the rudiments & the ground rules during your rendezvous with the market!!!

I-FLEX


I-FLEX looks to make an pennant and once this pennant completes,this is gonna
touch new highs with targets t1=1340, t2=1400 after final pennant target near to 1480.
cheers
rish