WINNING STROKES: THINK DIFFERENT:

[Let us Vote for a Change]

Areva T&D Ltd moved to Rs.205.95 on the news that it will inaugurate eight new factories at three sites this week. The company plans to double sales by next year. The stock was recommended at Rs.182--Rs.184 range a couple of weeks back.

ICSA Ltd recommended at Rs.54 and Rs.92 (after which it moved to Rs.97), moved up to 92.80, before cooling down a bit. The stock I am told is now being recommended by a brokerage house .

Opto Circuits Ltd recommended yesterday moved to Rs.105.55 before cooling down a bit. What is the news on the counter??

U B Eningeering Ltd recommended at Rs.35 and Rs.34, hit the buyer freeze with good volume. The company came out with robust set of numbers for Q3FY09 and for Q4FY09, the company will come out with very good results. Even at this downturn the company has an order book of more than Rs.605 Cr.

Bartronic Ltd recommended in last Sunday report at Rs.72--Rs.73, moved to Rs.77.90 today. Soon a report on the Company would be placed at: http://www.sumanspeaksplus.blogspot.com/.

Unitech Ltd recommended at around Rs.25.5--Rs.26--27, again. The stock a couple of days moved to Rs.37, giving a profit of around 30% in 2-3 weeks time frame.

Thermax Ltd recommended at around Rs.157, moved to Rs.185. The company has a robust business plan.

Reliance Industries Ltd moved up on the news that the Indian government has prepared a list of power generation projects that will get natural gas from RIL. The government expects RIL to sign gas sale and purchase agreements with power companies next month.

Kilburn Engineering Ltd recommended as a "Quickie Call" (very short term call) a couple of days back, to the Paid Groups, hit the buyer freeze. The company has a near monopoly business model. Moreover the company is coming up with a buy back at a higher price, as compared to the current market price.

ICICI Bank tanked in the initial trade after a sell call was given yesterday in the counter. I do not know why people crave to enter this stock when there are so many good Banking counter to be bought. Punjab National Bank (PNB, CMP: Rs.389) is a much better counter to be accumulated over a period.

Future and Options (F & O) call, Reliance Communications Ltd, sent to the Paid Groups yesterday does well. The stock was recommended when the market was tanking.

Jet Airways Ltd tanked after in the morning mail the following news was sent to the Paid Groups: "Indian refiners may increase the price of jet fuel by as much as 15 percent from tomorrow. SELL JET AIRWAYS, Kingfisher Airlines Ltd (BSE Code: 532747)."

Accumulate XL Telecom and Energy Ltd, Pyramid Saimira Theatres Ltd and Reliance Industrial Infrastructure Ltd.

So how will the markets behave from here??!! What are the sectors which are looking attractive?? What is the support and resistances of the Nifty??!! What are stocks on which you should keep watch?? What is the BTST, STBT (Buy Today and Sell tomorrow for F & O traders), and Positional call given today to the Paid Groups. One hint: Positional call was given on a company related to health care (What is the name???).

Those who have sent me requests me for joining the Paid Groups or have deposited the subscription amount in the designated bank, please give me a day or two to reply to your mails. This problem arose due to too many such mails entering my desk in the last few days, from the investors and traders.

Please bear with me as I have only two hands and only one head to reply to your Subscription Queries. I will send you the details of the Paid Subscription (Including discounts) and also confirm your subscription/start your Paid Service (Those who have deposited the subscription fees) within a very short time.

Key benchmark indices pared gains in choppy trade after hitting intraday high in mid-afternoon trade. Metal, capital goods and realty stocks rose. But index heavyweight Reliance Industries and ONGC came off the day's highs. The BSE 30-share Sensex was up 165.13 points, or 1.73%, up close to 185 points from the day's low but off about 30 points from the day's high.

The S&P CNX Nifty was above the psychological 3,000 mark. Nifty today regained the 3,000 level. It had fallen below that level yesterday after a steep slide in equities caused by a setback in global stocks. On Monday, 30 March 2009, stocks around the globe were slammed amid worries about the health of the US auto sector.

Volatility was immense. After opening on a firm note tracking gains in Asian stocks, the market slipped into the red in morning trade. The market recovered in volatile trade later. The market extended gains in afternoon trade tracking firm European markets which opened after Indian market. Volatility was high in mid-afternoon trade.

European stocks rebounded on Tuesday from a sharp fall in the previous days as Marks & Spencer Group Plc posted sales that beat analysts’ estimates and commodity producers climbed. Key benchmark indices in France, Germany and UK were up by between 1.03% to 2.2%.

Most of the Asian stocks edged up on Tuesday and were set to score their biggest monthly rise in a decade as some investors bet the most painful stretch of corporate earnings damage may be over and bought Asian technology shares. Key benchmark indices in Hong Kong, China, Taiwan, South Korea and Singapore rose by between 0.09% to 1.72%. But Japan's Nikkei stock average was down 1.54% on Tuesday, with trade thin as investors waited for details of a fresh stimulus plan for the economy due out later in the day.

Trading in US index futures showed the Dow could rise 70 points at the opening bell on Tuesday, 31 March 2009. The US markets fell sharply on Monday 30 March 2009 on concerns about potential bankruptcies in the auto sector and worries that some big banks will need a lot more bailout money. The Dow plunged 254.16 points, or 3.3%, to 7,522.02. The S&P 500 index was down 28.41 points, or 3.5%, to 787.53, and the Nasdaq composite index slipped 43.40 points, or 2.8%, to 1,501.80.

Closer home, the fall in headline inflation to a record low has raised expectations of further easing of the monetary policy by the Reserve Bank of India (RBI) to boost demand in the economy. Inflation based on the wholesale prices rose 0.27% in the 12 months to 14 March 2009, a record low and below the previous week's annual rise of 0.44%, data released by the government during trading hours on Thursday, 26 March 2009 showed.

Prime Minister Manmohan Singh on Tuesday, 24 March 2009 said India's economy will revive in a big way in six to seven months as stimulus packages start to take effect. On the same day, Planning Commission Deputy Chairman Montek Singh Ahluwalia scaled down the GDP (gross domestic product) growth projection for the current fiscal to 6.5% from the 7.1% increase estimated by the government earlier during the year, owing to the ongoing global crisis.

Meanwhile, there are signs that the credit flow to businesses is improving. During the fortnight ended 13 March 2009, loans sanctioned by scheduled commercial banks (SCBs), including regional rural banks, went up by Rs 22,423 crore. This was the third fortnight in a row when credit flow went up. Earlier, an extreme risk aversion by banks had chocked credit flow to the industry - the lifeline of business.

Earlier the global financial crisis ends and sooner the risk appetite of global investors and global companies improves, better it will be for India Inc. An increase in risk appetite of global investors/global companies will help Indian firms raise overseas funds required for business expansion. The global financial crisis has chocked the overseas funding route for Indian firms.

Raising funds could become difficult for small and medium enterprises (SMEs) with new lending regulations for banks, popularly known as Basel II norms coming into practice from 1 April 2009. All business units, irrespective of their size, will need to take ratings for their enterprises to secure working capital, loans, and other funds from banks.

Lack of funding has hit a slew of long-gestation infrastructure projects in India. World Bank Chief Economist & Senior Vice-President, Dr Justin Yifu Lin, on 13 March 2009, said if India can improve its infrastructure such as electricity, power, transportation and port facilities, it will be well on its path to achieve a 9-10% growth.

Foreign funds have resumed selling after heavy purchases in the past few days. Foreign funds sold shares worth a net Rs 452.32 crore on Monday, as the provisional data released by the stock exchanges. Foreign institutional investors (FIIs) sold shares worth a net Rs 270.70 crore on Friday, 27 March 2009, as against a huge inflow of Rs 1317.30 crore on Thursday, 26 March 2009.

\The latest sharp fall in the rupee will result in a depreciation in the value of FIIs' equity portfolio to the extent of the fall in the rupee to the extent of the fall in the rupee. A sharp volatility in the rupee may also dissuade fresh buying by foreign funds. The Indian rupee declined sharply on Monday, 30 March 2009, weighed down by the dollar's strength against some currencies and weakness in regional stock markets. The rupee hit a record low beyond 52 per dollar early this month. It had bounced back later. It once again faltered later.

The rupee once again recovered today. The partially convertible rupee was at 50.85 per dollar, stronger than its previous close at 51.17/19. The rupee rose as a rise in Asian stock markets calmed concerns of capital outflows, while the dollar's weakness against some Asian units also helped.

Domestic institutional investors have been absorbing heavy selling by foreign funds witnessed in first two months of calendar year 2009. Mutual funds are likely give support to prices to prop-up year end net asset values (NAVs). Today is the last day of the financial year 2008-09 (FY 2009).

The recent steep volatility in the currency does not augur well for corporate India as it may result in hedging losses for some firms. Meanwhile, the National Advisory Committee on Accounting Standards (Nacas), has reportedly favoured suspending for two years a key rule that requires firms to mark-to-market (MTM) foreign exchange assets and liabilities, a decision which is favourable for corporate India.

Accounting Standard-11 mandates MTM provisioning in the P&L a/cs for forex-related gains and losses. It requires that forex assets & liabilities be recorded at a fair value on the date of preparation of the balance sheet. The demand to suspend this rule, known in accounting circles as AS-11, was made by the Confederation of Indian Industry (CII) on grounds that it could severely distort the earnings of many companies. It was contended that this accounting standard, designed to address normal conditions, should be suspended for the time being, as the present market conditions were not normal.

The upside on the domestic bourses will be capped in the next two months due to political uncertainty ahead of parliamentary election to be held between mid-April 2009 to mid-May 2009. More so at a time when it is highly unlikely that either Congress or BJP will come to power on its own, i.e., without the support of other small/regional parties. Early estimates point a fractured mandate. An alliance led by the Congress party is ahead in pre-poll surveys carried out by several polls.

But in a move which could undermine the chances of a Congress-led alliance getting more seats in the election, RJD supremo Lalu Prasad has announced candidates for 28 of the 40 constituencies in Bihar including from the three seats where Congress has sitting MPs. RJD is one of the key constituents of the current Congress-led UPA government at the Centre.

The Congress, meanwhile, has reportedly sealed a seat-sharing pact with the Nationalist Congress Party (NCP) in the populous Maharashtra state. Relations between the two parties have been prickly as the NCP negotiated with opposition parties to undercut Congress and boost its leader's prime ministerial ambitions. Congress will stand for 26 seats in the state and the NCP for 22. The allies are weighing up their options for a similar deal outside the state.

A latest jolt to the Congress party came from a decision of the regional party in Tamil Nadu viz. the PMK on Thursday, 26 March 2009, to join hands with the All India Anna Dravida Munnetra Kazhagam (AIADMK). PMK is a part of the ruling Congress-led United Progressive Alliance at the centre. The PMK's decision to join AIADMK could give impetus to the Third Front if the PMK and AIADMK join it.

The Congress party on Tuesday 24 March 2009 said it would extend interest relief to farmers and build on the national job guarantee scheme. The focus on populist measures by Congress may weigh on the stock market sentiment especially at a time when the fiscal deficit has risen sharply. Releasing the party manifesto for the election, the Congress party on Tuesday said it would maintain government control over state-run firms in the manufacturing and finance sectors.

Meanwhile, BJP president Rajnath Singh said in an interview to a news agency that the party will speed up foreign investment projects in the country if it wins the parliamentary elections in May 2009. The measure is part of the BJP's election manifesto to be unveiled this week.

Singh said the BJP would be more open to foreign investment than Congress, which was unable to pass major economic reforms and open the economy further up globally due to opposition from leftist allies. Singh said his party would also focus on agriculture, putting more money in the pockets of farmers. More than half of India's 1.1 billion population live in villages.

A group of smaller political parties, including the communists, have formally launched a Third Front in a bid to provide an alternative to the two main parties viz. the Congress and the BJP.

At 14:21 IST, the BSE 30-share Sensex was up 165.13 points, or 1.73%, to 9,733.65. At the day's high of 9,767.87, the Sensex rose 199.73 points in mid-afternoon trade. At the day's low of 9,547.21, the Sensex fell 20.93 points in mid-morning trade.

The S&P CNX Nifty was up 50.25 points or 1.69% to 3,028.40. It hit a high of 3,040.50 and low of 2,966.40 so far in the day.

The market breadth, indicating the overall health of the market, was strong on BSE with 1,481 shares advancing as compared with 865 that declined. A total of 74 shares remained unchanged.

From the 30 stock Sensex pack 27 stocks gained while the rest fell. Tata Motors, Jaiprakash Associates, Reliance Communications ITC rose by between 3.47% to 6.73%.

India's largest private sector company by market capitalization and oil refiner Reliance Industries (RIL) rose 1.38% to Rs 1,536 on bargain hunting after a slide in the past two days. But the stock came off the day's high of Rs 1,552.40.

Meanwhile, report suggests firm will begin gas production from the Krishna Godavari (KG) basin in 24 to 48 hours, with gas production from the Dhirubhai 6 (D6) block estimated to add close to $2 billion to the company's profit at peak production levels.

RIL's advance tax payment fell 16.47% to Rs 370 crore in Q4 March 2009 over Q4 March 2008.

India's largest oil exploration firm by sales ONGC fell 0.65% to Rs 777.50, off the day's high of Rs 799 as crude oil prices tumbled over 7% on Monday, 30 March 2009. Fall in crude oil prices would result in lower realizations from crude sales for the oil exploration firm. Crude oil for May 2009 delivery tumbled $3.97 or 7.58% to $48.41 a barrel on the New York Mercantile Exchange on Monday, 30 March 2009 after the Wall Street plunged on Obama administration's talk of takeover and bankruptcy for two major US automakers and bank rescues in Europe prompted investors to book profits after a recent run-up.

The strengthening of dollar against euro was also one of the reasons for the sharp fall in crude oil prices. The dollar strengthened to its highest level against the euro in more than a week, limiting the appeal of commodities as an investment.

India's largest engineering and construction firm by sales Larsen & Toubro (L&T) rose 3.44% after it bagged order worth Rs 1100 crore in electrical construction sector.

Other capital goods stocks, Crompton Greaves, Bharat Heavy Electricals Punj Lloyd, Praj Industries, Thermax, ABB, rose by between 0.33% to 5.96%.

Rate sensitive real estate shares remained firm on hopes lower rates will spur housing demand. DLF, Housing Development & Infrastructure, Indiabulls Real Estate and Unitech rose by between 1.42% to 8.01%. Most of the realty deals including sale of commercial property and housing sales is driven by finance.

Metals stocks gained as industrial copper rose on the London Metal Exchange. Steel Authority of India, Tata Steel, National Aluminum Company, Sterlite Industries, Hindustan Zinc, and Hindalco Industries, rose by between 0.68% to 7.14%.

Banking stocks rose after a steep fall on hopes a further fall in interest rates may boost lending growth and on recovery in bond prices. Banking stocks were volatile though. India's largest bank in terms of assets and branch network State Bank of India rose 1.85% to Rs 1,051.10, off the day's low of Rs 995.30. It hit a high of Rs 1,052.90 so far in the day. Its advance tax payment jumped 27.64% to Rs 1810 crore in Q4 March 2009 over Q4 March 2008.

India's largest private sector bank by net profit ICICI Bank rose 0.28% to Rs 338.90. The stock came off the day's low of Rs 314.50. It hit a high of Rs 345.90 in early trade. Its American depository receipts (ADR) fell 13.27% on Monday, 30 March 2009. ICICI Bank's advance tax payment remained unchanged at Rs 250 crore in Q4 March 2009 when compared to Q4 March 2008.

India's second largest private sector bank by operating income HDFC Bank rose 1.22% to Rs 956.50, off the day's low of Rs 904.10. It hit the high of Rs 965.90 so far in the day. Its ADR fell 8.49% on Monday. Its advance tax payment rose 10% to Rs 275 crore in Q4 March 2009 over Q4 March 2008.

India's biggest dedicated housing finance firm by operating income HDFC fell 1.42% to Rs 1,430.90. Nevertheless, the stock came off the day's low of Rs 1,399. It announced a 50 basis points reduction in its retail prime lending rate (RPLR) to 14% effective Wednesday 25 March 2009.

Bond prices which had tumbled in the past few days recovered today on speculation yields near the highest in four months attracted investors and on speculation the central bank's plan to purchase debt in the coming months will help improve demand for the securities. Bond yields and bond prices are inversely related.

The yield on the 6.05% note due February 2019 declined nine basis points to 6.99% as of 11:34 IST in Mumbai. Ten-year yields have surged 1.74 percentage points since 31 December 2008. The Reserve Bank of India said last week it will buy as much as Rs 80000 crore ($16 billion) of existing government debt via auctions in the next six months. It may be recalled that banks made huge treasury gains in the December 2008 quarter following a surge in bond prices.

Outsourcing focussed IT firms rose on bargain hunting after a sharp slide in the past two trading sessions. India's second largest software services exporter Infosys Technologies rose 2.6%. Its ADR fell 0.15% overnight. Recent reports said it may win a large IT project from the government, which will run on a transaction-based pricing model, similar to the passport processing contract its larger rival Tata Consultancy Services (TCS) won last year. The contract is among the many large IT contracts that are up for bidding from government departments or public sector undertakings, reports suggest.

India's third largest software services exporter, Wipro rose 1.91% even as its ADR fell 3.78% on Monday. Recently its unit Wipro Infotech won an outsourcing contract worth Rs 1,182 crore from the Employees State Insurance Corporation (ESIC). India's largest software services exporter by sales TCS rose 2.48%. The company's advance tax payment fell 54.3% to Rs 53 crore in Q4 March 2009 over Q4 March 2008.

India's largest tractor maker by sales Mahindra & Mahindra rose 3.19% after booking for the company's new vehicle Xylo crossed the 12000 mark since its launch on 13 January 2009.