Friday, September 29, 2006

nifty intraday

nifty resting on falling wedge resistive trendline if nifty holds it we can see a good upmove


KCP is making a pennant and will target 300+


s kumar is almost on channel support can try longs near it with a sl of 1-2 rs do check the market trend before setting up the trade

Thursday, September 28, 2006



pole pennant seen in infotecent
script will target 220 in coming days


Wednesday, September 27, 2006




financial tech made a classic cup handle. handle fall in progress just buy as it reverses and keep for short term 1-2 months target 2400

India breaks BRIC ranks in competitiveness

Ever since Goldman Sachs came out with its much-talked-about report saying Brazil, Russia, India and China will dominate the world’s economy by 2040, India has often found itself clubbed with the other three.

However, the World Economic Forum’s Global Competitiveness Index (GCI) gives India the chance to break out.

The rankings for 2006-07 place it 43rd, well ahead of Brazil (66), China (54) and Russia (62). Even last year, India, in 45th place, was ahead of the other three.

In fact, each of the other three slipped this year: China from the 48th place to 54th, Brazil from the 57th to 66th and Russia from the 53rd to 62nd.

Switzerland, Finland and Sweden are the world’s most competitive economies, according to the report.

Denmark, Singapore, the US, Japan, Germany, the Netherlands and the UK complete the top 10, but the US shows the most pronounced drop, falling from first to sixth place.

As in previous years, India continues to score well in indicators related to innovation as well as in the adoption of technologies from abroad.

However, a number of weaknesses remain. Efforts to reduce the high fiscal deficit — one of the highest in the world — need to be sustained, and, as in previous years, the lack of appropriate infrastructure impedes growth in more remote regions of the country.

Dealing with shortcomings in the provision of health services and education will ensure that the benefits of economic growth are more broadly distributed, the report says.

“The quality of the business environment in India has improved tangibly in recent years... The available evidence suggests that the Indian economy may have entered a high growth plateau — the challenge for the authorities will be to ensure that this process is sustained and that it precipitates further progress in poverty reduction,” said Augusto Lopez-Claros, Chief Economist and head of the World Economic Forum’s Global Competitiveness Network, in a press release.

The rankings are drawn from a combination of publicly available hard data and the results of the Executive Opinion Survey, a comprehensive annual survey conducted by the World Economic Forum, together with its network of partner institutes (research institutes and business organisations) in the countries covered by the report.

This year, over 11,000 business leaders were polled in a record 125 economies worldwide. The survey questionnaire is designed to capture a broad range of factors affecting an economy’s business climate that are critical determinants of sustained economic growth.

The forum annually delivers a comprehensive overview of the main strengths and weaknesses in a large number of countries, making it possible to identify key areas for policy formulation and reform.
PS:-WHERE INDIA IS GOING UP THE LADDER USA IS COMING DOWN SO PLEASE STOP COMPARING DOWJONES WITH INDIAN SENSEX (usa is developed country we are developing economy so can show massive growth compared to them )


SATYAM moving in a big channel in between the channel its on converging trendline support from where it bounced expect this move to take price till 864-67.Satyam has strong near 825-828

Tuesday, September 26, 2006

nifty follow up

nifty was not able to cross trendline though still a good close

nifty intra 2

trendline holding carefull with longs



BASML pennant has broken it upward buy for a target of 118-120

rajesh export

RAJESH EXPORT moving in congestion for some time buy above 180 if taking delivery intraday buying above 184.50 can capitalize on intraday breakout t1=200


ABB is near channel support above 2860, 2950 opens just buy and hold above 2950 3000 can come fast weakness can be seen below 2860 only so trade acccordingly.

Monday, September 25, 2006


RELIANCE trading above 1150 will be quite strong traders can think of selling this only under 1137 above 1150 ,1183 opens.

Sunday, September 24, 2006


Tick the appropriate choice
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Saturday, September 23, 2006

Buying on Bad News - Acquiring Undervalued Stock

Even the best companies, industries, and sectors fall out of favor from time to time. A fully-informed investor, with a pocket full of cash and a firm understanding of the situation, can calmly stride into a turbulent market and buy up shares of these underdogs at a fraction of their intrinsic value. How do you know which companies are permanent losers and which are undervalued gems? Use these tests of quality to determine if you should invest your money or keep it stashed in cash.

Is the problem temporary or long-term?

You must be careful not to simply invest in a company because everyone else is running from it; sometimes there is reason to run! Even after the share prices of companies such as Lucent and United Airlines had been cut by seventy-five percent, they still did not constitute a good investment. There are many companies that aren't worth buying at any price. Trash is trash, regardless of how much you pay for it.In some cases, problems arise that are the result of one-time mistakes on the part of management. During the Savings and Loan crisis, for example, bank stocks were beaten down to almost comical levels. An investor who mentioned he was purchasing shares of these institutions was immediately scorned, mocked, and considered crazy by even close friends. At the same time, firmly entrenched companies such as Wells Fargo (which boasted a solid balance sheet, established reputation, top-notch management, and steady customer base), were hit just as hard as banks of lesser quality. Years later, those that had exercised courage and relied on their analytical judgment by purchasing shares in such banks found their portfolios much fatter. Remember the words of a very wise man; "you are neither right nor wrong because the crowd agrees with you; you are right because your analysis says so."

Is the business an excellent business with a suitable market capitalization?

As always, you should be interested in non-asset intensive businesses with high returns on equity, little or no debt, operating in non-commodity type industries without fixed cost structures. You should also attempt to look for under valuation in larger rather than smaller companies. In the event of a retail recovery, for example, Wal-Mart is more likely to recover sooner than a small specialty retailer such as Tuesday Morning. The owner of smaller issues may find himself waiting considerably longer for his shares to realize their full value in the market

Does management have an excellent track record?

The best indicator of future performance is past results. Great management tends to produce great results for everyone involved, including the shareholders, employees, directors, executives, and customers. If a company has encountered significant problems for consecutive years while the industry in which it operates prospers, it is likely that management has been unwisely retained. In such cases, you and your pocketbook would be better off ignoring the empty promises of executives who are only interested in keeping their jobs.

Are you financially able to wait out the storm?

After you've determined that the problem is temporary, management has an excellent track record, and the business possesses excellent economics, there is still one question remaining before you take out your checkbook and purchase a seemingly undervalued stock. Are you financially able to wait out the company's troubles? What are the odds that you will be forced to sell your stock to meet another obligation?If there is even the slightest chance of a forced sale due to a personal need for cash, don't even think about buying the stock. "But it's a wonderful investment opportunity!" you may protest. Yes, it may turn out to be one of the best investments of your life. However, if you do not have the luxury of waiting for the company's intrinsic value to be reflected in the share price, you are gambling. As investors, we know that a good company will eventually be recognized by the market; we don't know when. The moment you fail to make that distinction, you become a speculator. In the short run, anything can happen. There is nothing to stop an undervalued stock from falling significantly further in price. You must have the time to wait for the inevitable result of wise investing, regardless of whether it takes a week, month, or several years. In the end, your sound analytical judgment and unshakable patience should be handsomely rewarded.

Friday, September 22, 2006



BIRLA JUTE can spurt till 377 long with sl 323 on delivery basic

Advance tax payment of 8 Sensex firms up 400% in Q2

MUMBAI, SEPT 21: Commodity prices, along with interest rates, have been sources of pressure in the recent past. But that hardly seems to have affected India Inc in any way, if the recent advance tax payment figures of major Indian companies are any indication.

A total of eight companies that constitute nearly 20% of the benchmark Bombay Stock Exchange (BSE) Sensex have reported an average rise of more than 400% in their advance tax payment in September 2006, compared with the corresponding quarter of the last financial year. Sources said, while ACC has reported a massive rise of 2,400% in its advance tax payment at Rs 125 crore, Gujarat Ambuja Cements’ payment shot up by 500% at Rs 120 crore. Metal majors Tata Steel and Hindalco Industries have paid advance tax of Rs 450 crore (up 80%) and Rs 230 crore (up 70%), respectively, in September 2006. Other Sensex constituents, Grasim Industries, Bajaj Auto, L&T and Tata Motors, have also seen a rise in advance tax payment in a range of 14% to 94%.

Experts say the biggest rise has been seen in some of the old economy companies as they are also related to the infrastructure sector, on an upswing in the recent past.

The total advance tax payment of 12 companies (data available with FE), constitutes nearly 9% of the total countrywide payment, pegged at Rs 21,593 crore. Advance tax paid by corporates and individuals rose 32.6% by mid-September underscoring the economic buoyancy.
source:-Financial times

Thursday, September 21, 2006


ICICI BANK making second pennant stock looks quite bullish above 640 can target excess of 680-690.

Wednesday, September 20, 2006


Of the various vulnerabilities traditional financial assets are exposed to, a rising oil
price is of particular concern. In 2004, oil hit an all-time high of $56 per barrel, up 366
percent from the $12 low of 1998, and up 75 percent since January 2004.
Generally speaking, an increasing oil price results in increasing inflation, negatively
impacting the global economy, particularly oil-dependent economies such as the
US. Apart from increased transportation, heating and utility costs, higher oil prices are
eventually reflected in virtually every finished product, as well as food and
commodities in general. Furthermore, there is evidence that global oil production is
peaking and the flow will soon be in permanent decline.
The US has enjoyed inexpensive oil-based energy for nearly a century, and this is one
of the prime factors behind the unprecedented prosperity of its economy in the 20th
century. While the US accounts for only 5 percent of the world's population, it
consumes 25 percent of the world's fossil fuel-based energy. It imports about 75
percent of its oil, but owns only 2 percent of world reserves. Because of this
dependency on both oil and foreign suppliers, any increases in price or supply
disruptions will negatively impact the US economy to a greater degree than any
other nation.
The majority of oil reserves are located in politically unstable regions, with tensions in
the Middle East, Venezuela and Nigeria likely to intensify rather than to abate.
Because of frequent terrorist attacks, Iraqi oil production is subject to disruption, while
the risk of political problems in Saudi Arabia grows. The timing for these risks is
uncertain and hard to quantify, but the implications of Peak Oil are predictable and
quantifiable, and the effects will be more far-reaching than simply a rising oil price.
In the early 1950s, M. King Hubbert, one of the leading geophysicists of the time,
developed a predictive model showing that all oil reserves follow a pattern called
Hubbert’s Curve, which runs from discovery through to depletion. In any given oil
field, as more wells are drilled and as newer and better technology is installed,production initially increases. Eventually, however, regardless of new wells and newtechnology, a peak output is reached. After this peak is reached, oil production notonly begins to decline, but also becomes less cost effective. In fact, at some point inthis decline, the energy it takes to extract, transport and refine a barrel of oil exceeds
the energy contained in that barrel of oil. When that point is reached, extraction ofoil is no longer feasible and the reserve is abandoned. In the early years of the 20th century, in the largest oil fields, it was possible to recover 50 barrels of oil for eachbarrel used in the extraction, transportation and refining process. Today that 50-to-1ratio has declined to 5-to-1 or less. And it continues to decline. read more here gold oil crude

Stocks finish lower on coup in Thailand

(AP) Stocks dropped suddenly Tuesday after a state of emergency was declared in Thailand and rumors of a military coup followed.

Traders watching Thailand closely are certain to remember how trouble in the kingdom has had worldwide implications in the past: The Asia currency crisis that erupted in 1997 began with the devaluation of the Thai baht, then snowballed into an international economic crisis. Thailand was the world's fastest growing economy between 1985 and 1995 and was the country that introduced people to the benefits - and risks -- of investing in the tiger economies of Asia, according to David Riedel, president of Riedel Research Group, a New York City-based provider of independent equity research focusing on emerging markets.
The coup occurred as Thailand's Prime Minister Thaksin Shinawatra was in New York City for the annual United Nations General Assembly meeting. Plans for Thaksin to address the U.N. late Tuesday were scrapped.
"The prime minister with the approval of the cabinet declares serious emergency law in Bangkok from now on," Thaksin said on Channel 9 from New York, the Associated Press reported.
Thaksin also said he was transferring the nation's army chief to work in the prime minister's office, effectively suspending him from his military duties, according to reports. The Thai military revoked the country's constitution after it seized power.
The stock market, banks and schools in Thailand will be closed on Wednesday as a result of the takeover.
The baht fell sharply Tuesday, as did Brazil's real, which also tumbled in the '97 crisis.

Thailand, usually one of Southeast Asia's most stable countries, has been in a state of political flux this year after massive rallies forced Prime Minister Thaksin Shinawatra to dissolve Parliament. Thaksin, who was in New York attending the United Nations General Assembly, has faced calls to step down amid allegations of corruption and abuse of power.Crude oil futures plummeted after OPEC played down the likelihood of a production cut. A barrel of light crude settled at $61.66, down $2.14, in trading on the New York Mercantile Exchange.INDIA also felt the heat due to its proximity to the couped nation stocks fell sharply in last 45 mins of trade almost a panic like situation( Traders watching Thailand closely are certain to remember how trouble in the kingdom has had worldwide implications in the past) Todays trade should clear the direction of markets as the news is now known world over .....

Tuesday, September 19, 2006

Amaranth funds fall 50% on gas trades

Amaranth Advisors LLC, a hedge-fund manager with about $9.5 billion in assets, told investors its two main funds fell an estimated 50 percent this month because of a plunge in natural-gas prices.``We are in discussions with our prime brokers and other counterparties and are working to protect our investors while meeting the obligations of our creditors," Nick Maounis, the 43-year-old founder of the Greenwich, Conn. -based firm, said in a letter to investors obtained by Bloomberg News. The funds, which had gained 26 percent through August, are down at least 35 percent for the year, or about $4.6 billion.

Amaranth made so-called spread trades that try to profit from price discrepancies among futures contracts.

``The speed with which leveraged funds can evaporate is mind boggling," said Mark Williams, a professor of finance and economics at Boston University specializing in energy markets.

Investors said the funds, Amaranth International and Amaranth Partners, wagered that the difference between futures prices for natural gas in the summer and winter months would continue to get larger, a trend that's held since at least the beginning of 2004. Futures are contracts to buy or sell a commodity on a specific date at a preset price.

Instead, the spread collapsed. The difference in price between the 2007 March and April contracts for natural gas peaked in July at $2.60. That shrunk to $1.15 by the end of last week. The spread between the two was about 75 cents today on the New York Mercantile Exchange.


Media video pennant formation seen 35.70 is a strong support buy cmp for a target of 42 and ultimately 48 have it in delivery .


PENNANT forming in hero honda will target ultimately 820 buy cmp 756 being good support

Monday, September 18, 2006


bata after swift rise from 180 odd levels to 210 levels is consolidating in a channel and presently targetting upper trendline of channel 218-220 above which 230-35 opens.

The New Titans

China, India and other developing countries are set to give the world economy its biggest boost in the whole of history, says Pam Woodall . What will that mean for today's rich countries?

LAST year the combined output of emerging economies reached an important milestone: it accounted for more than half of total world GDP (measured at purchasing-power parity). This means that the rich countries no longer dominate the global economy. The developing countries also have a far greater influence on the performance of the rich economies than is generally realised. Emerging economies are driving global growth and having a big impact on developed countries' inflation, interest rates, wages and profits. As these newcomers become more integrated into the global economy and their incomes catch up with the rich countries, they will provide the biggest boost to the world economy since the industrial revolution.
ndeed, it is likely to be the biggest stimulus in history, because the industrial revolution fully involved only one-third of the world's population. By contrast, this new revolution covers most of the globe, so the economic gains—as well as the adjustment pains—will be far bigger. As developing countries and the former Soviet block have embraced market-friendly economic reforms and opened their borders to trade and investment, more countries are industrialising and participating in the global economy than ever before. This survey will map out the many ways in which these economic newcomers are affecting the developed world. As it happens, their influence helps to explain a whole host of puzzling economic developments, such as the record share of profits in national income, sluggish growth in real wages, high oil prices alongside low inflation, low global interest rates and America's vast current-account deficit.Emerging countries are looming larger in the world economy by a wide range of measures . Their share of world exports has jumped to 43%, from 20% in 1970. They consume over half of the world's energy and have accounted for four-fifths of the growth in oil demand in the past five years. They also hold 70% of the world's foreign-exchange reserves.But regardless of how the developed world responds to the emerging giants, their economic power will go on growing. The rich world has yet to feel the full heat from this new revolution.
read more HERE

Sunday, September 17, 2006


ABHISHEK IND moving in a channel 21.50 being a nice sup long this with a sl below that for a target of 24.

Saturday, September 16, 2006


ACC moving in a channel if it trades consistently above 953 the next target will be 1000

Capitalize on the Most Explosive Markets of the 21st Century!

Capitalize on the Most Explosive Markets of the 21st Century!

In 2050 the world's largest economies [in order] will be China, USA, India, Japan, Brazil and Russia -- Goldman Sachs
As I travel the world seeking for "the next big investment trend" I have come to the realization that for growth investors, there is only one viable option: emerging markets. Sophisticated investors, bankers and other investment professionals have delivered a clear verdict: invest abroad or be doomed to mediocre returns.

Consider India, China, Russia, Brazil and a host of other Asian, Latin American and Eastern European countries whose economies are developing at a frenetic pace. They are the next wave of growth markets. There's only one issue. Although in the long-run most of these markets will deliver capital gains dwarfing those of more developed economies (while also providing great dividends), in the short-term, many will be volatile. In order to profit,
So get set ready to do research and rare insights into the world's emerging markets--information that will allow you to take advantage of the most lucrative long-term bull markets of the 21st century.

Yiannis G. Mostrous
Editor, Growth Engines

Friday, September 15, 2006



MUMBAI: Tata Sons Ltd has picked up a 2.97 per cent stake in its group company Tata Chemicals Ltd through market purchases, taking its total stake in the company to 15.28 per cent.

In line with the group's decision to up stake in all flagship companies, Tata Sons acquired 64 lakh equity shares aggregating to 2.97 per cent of the total paid up capital of Tata Chemicals during August 30 to September 12.

Following the acquisition, the stake of Tata Sons in Tata Chem stands at over 3.28 crore shares aggregating to 15.28 per cent stake, up from 12.31 per cent previously, Tata Chemicals informed the National Stock Exchange.

Recently, Tata Sons had increased its stake in Videsh Sanchar Nigam Ltd by 2 per cent to 7.64 per cent through open market purchases, thus taking the promoter group's consolidated equity stake in VSNL to about 49 per cent.

Also, domestic FMCG major Hindustan Lever Ltd had offloaded around 1 per cent stake in Tata Chem through block deal window recently and last month had sold nearly 2 per cent stake in Tata Chem for over Rs 94 crore to Tata Sons.

In July, Tata Sons had increased its stake in Tata Steel through the preferential route - a development that had followed Tata Sons Chairman Mr Ratan Tata's address to shareholders at the AGM stating that the only safeguard against hostile takeovers was to increase the promoter's shareholding. - PTI

Thursday, September 14, 2006


NIFTY moving in an channel as shown in the above chart if can cross red line can target upper trendline of channel.If nifty fails to cross this red line we see some downside nifty in congestion range so trading has to be done with care, as break of this congestion either side can be big so trade with sl.


dr reddy long near 745 sl 740 target 760-80


PUNJ can be bought with a sl below 795 can zoom above 815 t1=835
see the market trend and enter trade.

Wednesday, September 13, 2006


STOCK showing accumulation try to grab this near 180 with a sl below 180 target can be 200+ in coming days



this bank could reverse nicely buy with a sl of 65 for T1=68+


dabur pharma moving in a range break up from this range will take it to 68 levels buy above 64.

Tuesday, September 12, 2006

nifty intraday

Monday, September 11, 2006


hmmm so again a day of massive fall ,I did think of fall on friday nifty sep 08

but was expecting max 3400 well this market has its own reasons to move and in panic no support works it just keep going like an tank in jungle.Massive falls like this do follow with some rise lets wait and watch.
Technically nifty breached its strong support of 3400 downside nifty finds some support near 3290-3300.Dont be aggressive