WINNING STROKES: THINK DIFFERENT:

The SMALL CAP RALLY, which I was talking of, has at last STARTED: Cheers!!

Yesterday's morning call B F Utility Ltd at Rs.745 hit the buyer freeze in the late afternoon trade. The following news was sent to the Paid Groups in the morning mail: "Keep an eye on B F Utilities Ltd (CMP--Rs.745) as it is in talks with Goldman Sacs to sell 10-15% in Phase II of Bangalore-Mysore expressway for Rs.500. Aggressive investors can take position in the scrip....for a target of Rs.950...".

In another positive development, fantastic news came yesterday morning regarding PYRAMID SAIMIRA THEATRES LTD. The scrip of Pyramid Saimira Theatre (PSTL) soared 20 per cent on the Bombay Stock Exchange (BSE) on Friday after the Securities and Exchange Board of India (Sebi) on Thursday directed — post market hours — its promoter P S Saminathan to give an open offer to acquire shares of PSTL from public shareholders.

The stock closed at Rs 7.46 on Friday, which is also its days high. The total traded volumes jumped 236 per cent as 1.11 lakh shares changed hands on the Bombay Stock Exchange as compared to its two-week average traded volume of just 33,000 shares. However, both Mr & Mrs Saminathan have been barred from the securities market for 10-years and they cannot serve as directors in any listed company either. The more interesting aspect of the SEBI’s punishment, is that the promoter should make an offer to buy public shareholding of PSTL and potentially even de-list the company. But going by the past experience, what I feel is that nothing as such might happen to the promoters of PSTL. What happened to the promoters of Atlanta Ltd, IFSL Ltd, Kolar Biotech Ltd, etc ??!! I can safely say: VIRTUALLY NOTHING!! A vast majority of listed companies do these irregularities and if SEBI starts a thorough investigation, then I wonder how many of these listed companies will be able to escape the net!!  Moreover, these days, many promoters trade through "Benami Accounts" and hence this order hardly matters to the shrewd promoters. Anyway, I think the open offer would sail through very smoothly.  While I feel that the open offer price could be around Rs.50-60, CNI Research has put an  open offer price of around Rs.80. So those like me who have averaged the scrip, when its price fell from grace, would be WINNERS!! 
Subros Ltd recommended to the Paid Groups, as THE PICK OF THE WEEK (last Sunday/Monday), at Rs.40.45, hit the upper circuits yesterday. Those Paid Members, who have bought the scrip this week, must be laughing their way to the banks. I shall soon place the research report sent to the PAID GROUPS in SumanSpeaksPlus.
The following news was sent to the Paid Groups, yesterday: However, there is one positive news which could pull the Nifty above 6070 levels, the  Finance Ministry has asked the labour ministry to invest a part of its Rs.5 trl  corpus of employees providend fund in the stock market---HENCE DO NOT GO FOR AGGRESSIVE SHORTS, YOU MIGHT BE TRAPPED.
The following news was sent to the Paid Groups yesterday: Aggressive investors should note that ITC resumed production on 22 nd December, 2010, after government allowed companies to continue with the existing pictorial warnings on Tobacco Products. The real estate sector should show some positive movements as the RBI has eased norms on home loans upto Rs.2 million, and said banks can have loan to value ratio ceiling, upto 90% from 80% earlier. 
The following news was sent to the Paid Groups yesterday: There is great news for retail counters: The government has re-started discussion, on relaxing FDI limit in the space. Those who are still holding yesterday's call Sesa Goa Ltd can book profits...
Some news was sent to the Paid Groups yesterday, regarding JUPITER BIO SCIENCE LTD...Some positive news is also coming in Glory Polyfilms Ltd.

WINNING STROKES: THINK DIFFERENT

Photo: India Infoline

Unitech Ltd was recommended to the Premium Members and to those who trade through BMA Wealth Creators Ltd, yesterday at Rs.4-4.25, the stock hit the buyer freeze and closed at Rs.5.01. This is one of 4-stocks recommended yesterday to the Paid Members....one or two such stock will cover up your subscription charges or brokerage charges. If you have lost money in the stock market, collect some funds and come to me....I will help you to cover all your losses. You can reach me at: suman2005s@rediffmail.com/sumanm2007s@gmail.com. 

The stock of B F Utilities Ltd recommended yesterday at around Rs.346 for short term targets of Rs.357/Rs.391 rose to Rs.356.70 intrday before closing at Rs.. The rise in crude oil prices is likely to push up  the shares of Alternative Energy companies like B F Utilitites Ltd. 

Moreover, according to a media report, the NAV for company's land value at Rs.3800 per share Land bank value at Rs.2800 per share after factoring in discount. This is a  MUST BUY for medium to long term. The share price is expected to touch Rs.600 by the end of this year. 

The scrip of Vakrangee Ltd, seemed to be having dummy sellers from the start of the day, yesterday, which I mentioned in my Facebook post. hit the buyer freeze at Rs.34.05. The prospects of the company looks good according to my sources and you can accumulate for a short term target of Rs.51-52.

The stock of TV Vision Ltd was reiterated as a buy to the Premium Members in yesterday's morning mail, the stock moved to Rs.9.94 in the BSE, up more than 7%. For more such stock recommendations, you can join my Premium Service. 

If you are willing to do high risk intraday trading, I will give you an exposure upto 20 times your investing capital. This means for intraday trading in select stocks, if you have a base capital of Rs.10, 000 (ten thousand), I will allow you to trade upto Rs.2 lakhs per trade (buy/sell) through my brokerage house/s, i.e. BMA Wealth Creators Ltd (www.bmawc.com)  or Pace Stock Broking Ltd (whichever you want). 

If you can bring Rs.50, 000 which normally many traders do, you will get an exposure upto Rs.1 million or Rs.10 lakhs per trade, in select stocks only. 

Which means with mere Rs.50, 000 (fifty thousand) you can do a trading of Rs.1 crore or Rs.10 million in just 5 trades, in select scrips in Intraday. The brokerage is 5 paisa for intraday.  If you are making 0.1% (yes only 0.1%) per trade, then in 3 successful trades out of 5 (five), you can make: Rs.30000 (thirty thousand) per day or around Rs.6 lakhs per month, with a base capital of only Rs.50,000. My brokerage house will provide you FREE INTRDAY CALLS. 

CNI Publication: Weekly Pattern

Nifty opened week in the morning hence the hope of gap up till 5360 receded but it gave good chance to spark many stocks like B F, BGR, Adani, Raymonds,

Century, B Dyeing IFCI etc. Had the market opened at 5360 gap up then certainly we could have seen deeper correction of 200 odd points on Sensex. Thanks God this did not happen.

Praj Pnj, Renuka, IVRCL and JP all fired. The correction now could be short lived and every dip should be a great buying opportunity. B Dyeing will be

the stock of this month as co will post super dooper nos due to realty possession. Co will also exit its old poly biz. Stock may fire till 750. BBTC too will fire in synch. Century will certainly blast as many cement merger deals are happening soon which will set benchmark price of cement. Century’s 50 pc valuations come from cement which cannot be ignored. It will consolidate slowly till 385 to 395 as it was its previous high thereafter it will board super fast train till Rs 550.

Nifty has huge resistance at 5360 though it will certainly break for sure but not before catching traders on wrong foot. Nifty may find support at 5200..

It was flat day for Nifty but many stocks showed strength and character. Traders were hesitant to extent commitment and stocks kept on riding pyramid wave. E g The JET stock was certain to test 500 as I mentioned when it was at Rs 225 and the same stock is now climbing a new high every day. Even ABAN is falling in that category. Whatever is the debt due to sharp depreciation of RE, the same will get corrected as and when RE improves. Soon RE will be at 52 and ABAN at 450 plus. Then the sell of power BIZ will come for Rs 550 600 crs and ABAN will fly to Rs 500. Then the restructuring of FCCB will come and stock will show heaven to you ALL FIRUNG brokers had given target of USD 60 plus and USD took U turn proving that what they say never happens. Most of the stocks which were downgraded are shining today whether it is HDFC, RIL, SBI, DLF, RENUKA or IVRCL.

Just before settlement Nifty was consolidating at 5150 giving comfort to short sellers that 5180 is big resistance and it will never be breached easily. Then came the came the MONSOON First day First Show (HORROR Friday) which showered 450 point rally crossing all the barriers. Nifty crossed 5300 and once again tiny chartist community tried to break the Nifty rhythm for the last 2 days but Nifty seems have some different plans.

Traders still going short in Nifty at every level under the bonafide belief that 5360 will never be crossed. Once again we may see GAP UP crossing over 5360 which will open the door of 5700 which is near the FEB high. This will be called DOUBLE TOP like they say DOUBLE BOTTOM.

Congestion zone continued for Nifty as it is shying to cross 5360. The big game in under planning. Most of the street players are going short every day thinking that market is tired and will now re test 5150. But at the end they cut short in Nifty.

But this view of correction has made them go short in many stocks which are in fact firing due to short trapping. The hungry bulls wants that you should short and they are just allowing the accumulation of shorts to make big games.

I had given buy in PRAJ at 53 cmp 63 and now the order buzz of Rs 600 crs was floated in the market. This has happened only because the drivers could catch many street guys short on the counter. Street guys include the FII where they too are shorting and getting trapped.

The patience will get over tomorrow for bears and the expected news flow will make them cut short and go long in Nifty and chances of gap up not ruled out. Any time we may see 5500 now hence selling would never be a wiser course for street players. Still if you wish to short then sell weak stocks like pantaloon and VIP as ideally best hedge short. If market tanks these stocks will correct more than 20%.

My sources say that P M has cleared GAAR with specific directions. It says all P notes and FII will be tax free if they are covered by treaty country else all other trades will be taxed. This could be a right step in right direction and can open gates in inflow for at least 10 bn usd. That means Re will at 52 or even 50.

EU may not be reducing interest rates today but China has cut interest rate. This will be good for Indian markets too. Ruling party has announced that they will go for Fdi in retail in congress ruled state as they are getting opposition from OPP parties. It means this is a face saving act. The GAAR clarification too is a face saving act. These 2 acts suggest that the ruling party is seriously considering taking some major steps which will boost FII inflow. This also suggests MADAM was fully aware the EX FM failed to keep the mood good and went with wrong notions even against MADAM which facilitated for his promotion. This always is protocol in the Govt to give promotion and transfer when somebody fails

Montek Singh could have taken over as new FM but considering the current state of economy it was given to the Hon’ble PM only. The first thing he did is that GAAR is going away from P notes. FDI is coming in retail as well as C A sector. Hopefully even the rate cut will come soon.

Monsoon is not failed in India. Last several years we are getting deficient water in June thanks to global warming and change of cycle by one month. Earlier we used see end of winter on 14th Jan now a days till March end. Media unnecessarily making hype out of it and retail investors are unnecessary reacting.

I had told you that B gr rally will start and all B gr shares have moved up by 10 to30 pc in last 4 days. This will continue. Nifty can just blast if it cross 5370 and can crash if break 5280 so keep this range. Once again repeating for your benefit does not fall in the trap of charts and small bear corrections as market is ready to blast. Any correction should be used to buy only. Trade only at 50 pc of your capacity and conserve 50 pc for correction even though it will not come. Correction has a thumb rule when desired never comes. Right now since nobody is able to participate and if participating getting out at every 2% profit and looking to short, I feel market will not correct.

B F Utilities won in the S C ( order flashed on CNI site ) could open doors to Rs 800 as uncertainly is over once for all. Though this had tested Rs 2000 earlier on this news only. We were aware of the order hence generated buy at 379 and again at 400. 

But street has 2 kinds of people one always negative saying that this will not happen and we will buy only on news. Now they will come for buying tomorrow at 475 Rs 100 premiums. This is what stock market is known for.

WINNING STROKES: THINK DIFFERENT:

Reliance Industrial Infrastructure Ltd as expected and as mentioned in the Yahoo Group, SumanSpeaks, hit the buyer freeze on the news that the company would get immensely benefitted by the Indo-US Civil & Nuclear Co-operation. Moreover the fact that its equity capital is very low will further flavour to the scrip going forward. With such a low equity capital and ever flowing orders in the company's fold, I do not know upto what level the stock could go. But I sincerely hope that Reliance Industrial Infrastructure Ltd could be another Jai Corp Ltd and will break earlier highs made in October, 2007. The Short term targets for Reliance Industrial Infrastructuer Ltd, could be Rs.5,000:

Last week's "Quickie Call" (Very short term calls to the Paid Members) IFB Agro Industries Ltd, which is into making of liquor hit the buyer freeze. This Calcutta based company is doing excellently well, after a restructing of its operations:

Ennore Coke Ltd hit the buyer freeze before cooling down a bit on the news that it has purchased a mine and would start commercial production very soon. The heating of the plant is about to begin. Its parent company Shriram EPC Ltd also did well today: This week' s "Quickie Calls" Aishwarya Telecom Ltd and Pochiraju Industries Ltd hit the buyer freezes: Reliance Industries Ltd rose today after my recommendation yesterday. In fact Reliance Infrastructure Ltd, Reliance Petro Ltd, Reliance Industries Ltd and Reliance Communications Ltd saw huge volume. If you remember I had asked all to buy Reliance Groups of companies in the morning in this blog: KPIT Cummins Ltd, FCS Software Ltd, Rolta Ltd, mentioned in the recent Sunday Report did well: Prajay Engineers Syndicate Ltd recommended a couple of weeks back on this blog made a dramatic come back from my recently recommended price and almost hit the buyer freeze before cooling down a bit: Besides my earlier recommended BF Utilities Ltd, Godawari Power, Lokesh Machines Ltd, Walchandnagar Industries Ltd, Orbit Corporation Ltd, Kotak Mahindra Bank, Energy Developments Ltd, BAG Films etc did well: So what is the next block buster in the Steel and Power Sector?? Should we go for BNK Capital Markets Ltd in Bulk??? What to do with Southern Online Bio Technologies Ltd or Binani Industries Ltd or Indo Borax and Chemicals Ltd??!!

Crude Oil price will fall to $100: Marc Faber:

Now Marc Faber is singing my tune after, he took a U-turn from his earlier hard stand on Crude Oil prices. If you remember I lambasted him in this blog and criticised his faulty theories on Crude Oil, promting him to change his stand on this widely misunderstood commodity:

In the next write ups I will excoriate another one, Jim Roggers, regarding how he wanted to shout the Crude Oil prices up....:

MUMBAI: Commodities and investment guru "Marc Faber, who told investors to bail out of U.S. stocks before 1987's so-called Black Monday crash, said oil prices may fall to $100 a barrel as demand slows in a global economy at the ``tail end'' of its expansion.

Accelerating inflation and rising interest rates worldwide are likely to dent the value of commodities including oil, said Faber, who publishes the Gloom, Boom & Doom Report, at an investment forum in Sydney today.Real-estate in India and Cambodia were among his favored Asian investments, he said.

``Global liquidity is under some relative tightening, and that is unfavorable for all asset classes,'' said Faber, 62. There will be ``sharp corrections'' in commodities prices." Some of the commodities that have really been hard-hit of late are the noble metals; platinum, palladium, and rhodium. After taking a pounding at the end of last week, the platinum price dropped sharply and analysts turned negative on the short-term outlook for the metal.

Why India is a "HOT" destination, among the BRIC (Brazil, Russia, China and India) Nations:

When it comes to emerging markets, not all countries are created equal. Each has different strengths and weaknesses. Take the “BRIC” nations for example. Over the course of this year, China and India have been bruised and battered by sky-high oil prices, while Brazil and Russia have fared better.

This makes sense when you think about it. Russia is one of the top oil and gas producers in the world. Brazil, along with being an agricultural powerhouse, is on its way to big producer status, too (thanks to the Tupi oil field). India and China, on the other hand, have to pay through the nose for their oil and gas needs. They also have to shell out big bucks for fuel subsidies, to keep the locals happy and avoid civil unrest.

So now that oil is backing off from its nosebleed heights, China and India are finding a bit more breathing room.

Authoritarian vs. Democratic: But it’s not as if China and India are peas in a pod, either. There are big differences there, too. China is more of a manufacturing economy, for one, while India is more of a service economy. China is also much more authoritarian, whereas India is loudly and colorfully democratic.

Some believe India is, in fact, too democratic... to the point of shooting itself in the foot with bribery, bickering and red tape. (Famed investor Jim Rogers has long been bullish on China but not so hot on India, and this has a lot to do with it).

In China, when Beijing decides to do something, it simply gets done. In India, it sometimes feels impossible to get anything done. When China decides it needs a new airport or power plant or high-speed rail line, the powers that be just make it happen. In India, everyone has a stake and no one has final say. China can approve, plan and finish out a billion-dollar project in the time it takes India to get the first round of paperwork past the “license raj.” This explains phenomena like the Pudong district in Shanghai -- a 21st-century financial center that seems to have sprung up overnight. It also explains why India still has a crumbling network of roads, airports and bridges that feel held together with duct tape.

But not all are convinced that China’s authoritarian overlay is a strength... or that India’s vocal love of democracy is a weakness. In the long run, regimes like the one in Beijing can be brittle -- more subject to cracking or breaking under stress. India’s messy system, on the other hand, is far more stable.

In India, leaders may come and go, but there is little threat of an entrenched elite throwing out all the stops to hold on to power in a time of crisis. The elite in Beijing haven’t yet faced a true crisis test.

India’s Big Win: The reason to bring this up now is because India just had a very big win on the political front.

India’s currency, the rupee, racked up its biggest gain in a decade on news that the government survived a confidence vote in parliament. (Indian stocks and bonds also shot up, giving the Bombay Sensex its best five-day run since 1992).

The bottom line is that Manmohan Singh, the prime minister of India, is a reform-minded guy with a lot of good ideas. He understands free-market economics, he understands globalization, and he knows what to do to get India on track. Under Prime Minister Singh, India has enjoyed record economic growth.But India’s political system, as loud and messy as it is, has thrown up a lot of obstacles for Singh. Every step forward -- towards free markets and open trade and political reform -- is threatened to be blocked by India’s communists and anti-trade interests. There is a lot more to do, and many badly needed reforms are still waiting in the wings.

A Crucial Milestone: Before the confidence vote, there was an open question as to whether the reformers would be able to keep up their good work. A loss of confidence in Singh’s government would have meant a new tidal wave of red tape, a rise of protectionist and anti-trade sentiment, and a return to the bad old ways in general. It would have been a huge step backwards for India.

Now that Singh’s government has survived the confidence vote, though, a crucial milestone has been passed. A new wave of capital is set to flood into India -- and, in fact, has already started flooding in -- on expectation that Singh’s reforms and forward progress will continue.

The treasurer of Axis Bank in Mumbai joyfully told a news agency " [The news] is going to bring a lot of confidence to local as well as overseas investors.''

That’s clearly good news for India’s stock market, which has climbed past the $1 trillion mark under Prime Minister Singh. Now that he has a visible mandate to move forward with his good work -- not to mention a trend of relief in oil prices -- India looks like a buy.

Winning Strokes:

My Recommended Premier Explosives Ltd, Entegra Ltd (This weeks's Quickie Call, sent on Last Sunday), Phoenix International Ltd, Tantia Construction Ltd (Cooled down a bit later), KRBL (One of the Earlier Quickie Call), Jhunjhunwala Vanaspati Ltd, Radhe Developers Ltd, BF Utilities Ltd (3rd Successive Freeze in the last 3 days), Ritesh Properties Ltd, Kohinoor Broadcasting Corporation Ltd, Ennore Coke Ltd, Southern Online Bio Technologies Ltd, BPL Ltd, Alphageo Ltd, GTC Industries Ltd, Innocorp Ltd (Last week's Quickie Call), K Sera Sera Productions Ltd, Soma Textiles Ltd, RDB Industries Ltd etc. hit the Buyer freezes: H S India Ltd, Rajesh Exports Ltd, Suzlon Energy Ltd, Sanjivani Parenterals Ltd, etc. also did well today: Buy Large and Small Cap counters in the days to come? I asked a simple question some days back: What is Common between Ms Mitali Mukherjee and the Indian Markets?? I think some of you guessed it right....!!!!! Yes, both are looking Cute at this point of time!!! Hahaha..........But given a choice I will run after which of the two entities????!!!! Keep Guessing!! Hahaha.........Which Scrips are looking good at this point of time?? What did the Paid Members do with Orchid Chemicals Ltd today? What to do with my recommended Petronet LNG Ltd??

The market surged in late trade ending with decent gains shrugging off subdued to weak trend in Asian and European markets. It had edged lower at the onset of the trading session tracking subdued-to-weak trend in Asian markets before bouncing back shortly. Banking stocks surged in late trade after Yes Bank announced a forecast-beating profit and said it had no delinquent derivatives exposures. Fears that banks may take a hit in their balance sheet because of derivative losses have triggered a steep fall in banking shares over the past few weeks. Yes Bank results helped reduce the fear. Concerns about corporate and bank earnings heightened after recent disclosures from ICICI Bank, India’s biggest private sector bank in terms of net profit and Larsen & Toubro, India’s biggest engineering & construction firm by revenue. On 4 March 2008, ICICI Bank said it had provided $70 million in Q3 December 2007 and may have to provide another $50 million in Q4 March 2008 for mark-to-market losses on investments. A few days later L&T said one of its subsidiaries L&T International FZE, may incur commodity-hedging-losses of as much as Rs 200 crore in the year ended March 2008. The 30-share BSE Sensex jumped 202.89 points or 1.3% at 15,790.51. At the day’s high of 15,829.59, Sensex gained 241.97 points in late trade. At the day’s low of 15,464.72, Sensex lost 122.9 points in early trade. The broader based S&P CNX Nifty was up 37.4 points or 0.79% at 4,747.05. Nifty April 2008 futures were at 4748, at a premium of 0.95 points as compared to spot closing of 4747.05. As per provisional figures on NSE, foreign institutional investors (FII) sold shares worth Rs 307.27 crore today, 9 April 2008 and domestic funds bought shares worth Rs 475.81 crore. Power stocks rose. Realty and IT stocks declined. Capital goods stocks rose on reports Finance Minister P Chidambaram met representatives from auto and capital goods industries to discuss industrial slowdown after recent weak Index of Industrial Production (IIP) numbers. HDFC Bank and HDFC were major gainers from Sensex pack. The market breadth was strong. Buying was witnessed in select mid-cap and small-cap stocks. Asian and European stocks edged lower after Washington Mutual Inc, the largest US savings and loan firm, said on Tuesday, 8 April 2008, it expected a large quarterly loss and minutes from the Federal Reserve's latest meeting showed some of the central bankers saw the possibility of a prolonged and severe US economic downturn. The BSE clocked a turnover of Rs 5,294 crore today 9 April 2008 compared to a turnover of Rs 5,145.99 on 8 April 2008. The NSE's futures & options (F&O) segment turnover was Rs 31,113.78 crore, which was lower than Rs 33,143.36 crore on Tuesday, 8 April 2008. The market breadth was strong: on BSE 1829 shares advanced as compared to 810 that declined. 48 shares remained unchanged. The BSE Mid-Cap index up 1.39% to Rs 6,471.51 and BSE Small-Cap index up 1.62% to 7,941.11. BSE Bankex (up 3.01% to 8,192.26), BSE Power index (up 2.74% to 3,087.93), BSE Capital Goods index (up 2.66% to 12,862.47), BSE Metal index (up 1.73% to 13,778.96), BSE Consumer Durables index (up 1.47% to 3,983.84) outperformed Sensex. BSE PSU index (up 1.05% to 7,316.32), BSE Oil & Gas index (up 1.03% to 10,571.03), BSE HealthCare index (up 0.71% to 3,963.87), BSE IT index (up 0.54% to 3,705.09), BSE Auto index (up 0.05% to 4,417.65), BSE FMCG index (down 0.48% to 2,361.20), BSE Realty index (down 1.59% to 7,292.76) underperformed Sensex. Banking stocks surged in late trade after Yes Bank results hit the market in mid-afternoon trade. ICICI Bank (up 2.86% to Rs 836.50) and HDFC Bank (up 5.5% to Rs 1,376.05) edged higher. Yes Bank gained 4.65% to Rs 169.75 after posting 108.74% surge in net profit to Rs 64.50 crore in Q4 March 2008 over Q4 March 2007. India's largest commercial bank State Bank of India rose 1.12% to Rs 1,693.50. It has reportedly shortlisted three potential partners, including Insurance Australia Group, for a general insurance venture. The other two shortlisted partners are a German firm and a US-based firm, the reports suggested. Capital goods stocks rose. Larsen & Toubro (up 2.17% to Rs 2,637.30), Bharat Heavy Electricals (up 3.74% to Rs 1,776.75) and Suzlon Energy (up 4.45% to Rs 302.65) edged higher. As per reports, the finance ministry is looking at various measures to provide a boost to the capital goods sector, which witnessed a sharp slowdown in growth earlier this year. Finance Minister P Chidambaram today held a meeting with chief executives of several leading public sector and private companies in the sector including the likes of NPTC, Bhel, BEML and L&T among others. In January this year, the Index of Industrial Production (IIP) numbers showed a significant slowdown in the capital goods sector, with growth in the sector falling sharply from over 16% in December 2007, to just 2.1% in January 2008. Power stocks rose. Reliance Power (up 3.1% to Rs 362.25), Reliance Energy (up 2.3% to Rs 1,176.90), NTPC (up 0.62% to Rs 187.70), Tata Power Company (up 4.84% to Rs 1,188.80) edged higher. The Finance Ministry has cleared a restructured Rs 50,000-crore accelerated power development and reforms programme (APDRP), which would soon be sent to the cabinet for approval. IT majors declined. Tata Consultancy Services (down 0.98% to Rs 876.65), Wipro (down 0.56% to Rs 411.70) and Satyam Computer Services (down 0.37% to Rs 427.50) edged lower. However, India’s second largest IT exporter by sales Infosys rose 1.27% to Rs 1,479.90. Realty stocks declined. Indiabulls Real Estate (down 3.33% to Rs 479.80), Housing Development Infrastructure (down 2.02% to Rs 639.50), Unitech (down 2.23% to Rs 263.35) and DLF (down 0.91% to Rs 610) edged lower. India's biggest FMCG firm by sales Hindustan Unilever (HUL) declined 1.39% to Rs 244.45. It has reportedly cut prices of three of its soap brands—Lux, Hamam and Rexona. The price reduction by HUL is being termed as a post-budget measure to please consumers, the reports added. India’s largest private sector company in terms of market capitalisation and oil refiner Reliance Industries rose 1.55% to Rs 2,418.05. Jaiprakash Associates (down 1.44% to Rs 218.35), ITC (down 1.2% to Rs 205.80), Ranbaxy Laboratories (down 1.78% to Rs 462.35), Reliance Communications (down 1.71% to Rs 492), Satyam Computer Services (down 1.67% to Rs 421.90), Maruti Suzuki India (down 1.65% to Rs 731.90), Bharti Airtel ( down 1.44% to Rs 816.65) edged lower from the Sensex pack. HDFC (up 4.83% to Rs 2,421), Tata Steel (up 3.44% to Rs 678.90), Ambuja Cements (up 1.82% to Rs 120.20), Hindalco Industries (up 1.38% to Rs 172.65) and Cipla (up 2.42% to Rs 217.60) edged higher from Sensex pack. Orchid Chemicals and Pharmaceuticlas clocked the highest volume of 2.53 crore shares on BSE. Sita Shree Food Products (1.95 crore shares), Ispat Industries (1.11 crore shares), Reliance Natural Resources (84.7 lakh shares) and Steel Authority of India (68.44 lakh shares) were other volume toppers in that order. Orchid Chemicals and Pharmaceuticlas clocked the highest turnover of Rs 581.72 crore on BSE. Reliance Capital (Rs 260.93 crore), Reliance Industries (Rs 162.28 crore), Relaince Energy (Rs 154.61 crore) and Larsen & Toubro (Rs 147.13 crore) were other turnover toppers in that order. The next major trigger for the market is Q4 March 2008 results of India Inc. Analysts will be closely watching what the company managements have to say about the outlook for the year ending March 2009 (FY 2009). Analysts will also scrutinize disclosures that companies may make regarding foreign exchange derivatives products that they have bought on the advice of their bankers. A steep decline in the value of the US dollar against the Japanese Yen and the Swiss Franc hit Indian corporates which have used these two currencies (Yen and Franc) extensively to swap their rupee denominated debt. Good results are expected from the telecom sector on the back of strong growth in new subscribers additions. Infrastructure and engineering firms, too, are seen reporting decent numbers in Q4 March 2008 on the back of healthy order book positions. The performance of auto firms is likely to be sluggish due to muted volume growth and rise in input costs. A depreciation of the rupee against the dollar is likely to drive good results from the IT sector on a sequential basis in Q4 March 2008 over Q3 December 2007, though the focus here is on guidance for the year ending March 2009 from IT bellwether Infosys Technologies. Infosys guidance will give investors a sense of the effect of the weakening US economy on technology spending by companies there. Infosys unveils Q4 results on Tuesday, 15 April 2008. Prospects of further outflow by foreign funds to offset losses incurred by them in the US sub-prime mortgage market continue to weight on the market sentiment. In the calendar year so far, FIIs sold shares worth a net Rs 11808.70 crore (till 4 April 2008), to offset their huge losses in the US sub-prime mortgage market. As per provisional data, FIIs bought shares worth a net Rs 7.27 crore on Tuesday, 8 April 2008. As far as domestic liquidity is concerned, inflows to equity mutual funds and unit linked insurance plans (with high weightage for equity) have slowed after the sharp setback on the bourses in the past two months. As per provisional data, domestic funds bought shares worth a net Rs 447.79 crore on Tuesday, 8 April 2008. European markets were subdued. France’s CAC 40, Germany’s DAX and UK’s FTSE 100 were down between 0.31% to 0.78%. In Asia, key benchmark indices in Hong Kong, China, Japan, and Singapore were down by between 0.06% to 5.5%. US stocks fell on Tuesday, after Washington Mutual Inc said it expects a large quarterly loss, raising concerns about results from the rest of the financial sector, while minutes from the Federal Reserve's latest meeting stoked fears of a recession. The Dow Jones industrial average lost 35.99 points, or 0.29%, finishing at 12,576.44. The Standard & Poor's 500 Index lost 7 points, or 0.51%, ending the day at 1,365.54. The Nasdaq Composite Index lost 16.07 points, or 0.68%, at 2,348.76. [With Inputs from the Internet]

Winning Strokes:

My Recommended Kohinoor Broadcasting Corporation Ltd, Ennore Coke Ltd, RDB Industries Ltd, BF Utilities Ltd (Today's morning Call), IFB Agro Indutries Ltd (Last week's Quickie Call), Minda Industries Ltd, Shivalik Bi-Metal (2nd Consucutive Buyer Freeze-- one of the Quickie Calls for this week another one hit the circuits today), VBC Industries Ltd (5th Consecutive Buyer Freeze), India Foils Ltd, SEL Manufacturing Ltd, BPL Ltd (Highly Speculative), Jhunjhunwala Vanaspati Ltd, Radhe Developers Ltd, Rathi Udyog Ltd and so on hit the Buyer Freeze when the both the Sensex and Nifty were down: So the Sensex up or Nifty down, my recommended calls are always Evergreen: What was the other Short Term call for today which also hit the buyer freeze and which will hit the buyer freeze tomorrow???

The following are excerpts from the Latest Sunday Report sent to the Paid Members on 6th April, 2008:

I think that current correction in the market is looking like a hapless Twenty20 bowler asking to be hit out of the ground in the dyeing moments of the game. Like the Twenty20 bowler, the role of corrections in the Indian market is generally limited and even the spells are shorter—but this time it is grinding on. In 2007, investors got many opportunities to enter the market but very few were able to take advantage of the same only out of fear---with Graph analysts always spoiling the party; as if they are the astrologers and their charts are end and means to every disease in the markets. Countless times I have distinctively mentioned that every fall in the market should be taken as an opportunity to buy in small quantities as we do not know where the bottom is and the markets is driven not by past data but by the future happenings. Perhaps now every investor may be thinking of what lies ahead. I feel that although, we are once again slipping there is little to be worried. There is still good amount of liquidity in the market and hence, there are no reasons for the market to go down in a hurry. But one thing is clear, higher the liquidity higher is the volatility in the market and therefore expect a great deal of volatility in the near future. The reason for liquidity to stay longer is simple. The liquidity is coming as international investors are reducing their exposure to the Dollar based assets and are investing in the emerging markets. This will continue till the US economy recovers fully and the dollar starts to appreciate against the major currencies. And with India expected to grow at around eight per cent per annum, it has become a favorite destination to park funds.

Further, the Rupee appreciation has created a natural hedge for foreign investors, which made Indian markets safer than the other markets. In addition, money is also coming from new destinations like Middle East apart from traditional markets like the US and Europe. Many analysts in the market have stated that liquidity in the markets are not going to dry up at least in the next one year. The main reason for the increase in liquidity was the US Fed rate cut. However we could see occasional bouts of FIIs selling, which in any case will be very marginal in comparison to the total FIIs money, which has flown in this soil in the last few years. FIIs will always want to share the profits of a 8% growing economy than to invest in an economy where the growth will be less than 5%. In addition to the above factors, even the market regulator SEBI had made decent efforts to increase the liquidity by coming with new derivative products. SEBI has made the contract size smaller which will actually result in more number of market participants. Anyway, the domestic markets ended this week booking a loss of about 3% in the broader indices. All the sectoral indices ended down on WoW basis with Realty, Metal, Power, Capital Goods bearing the burnt of the sharp fall. The volumes recorded remained lacklustre amidst negative breadth of the market. FIIs remained net sellers in the cash as well as the derivatives segment together with mutual funds, who were net sellers too. Crude oil prices have softened a bit on the back of an increase in US inventory levels. Indian markets have underperformed during the week as compared to the global counter parts. Global markets except for the Taiwan ended up about 3-7%. Surge in inflation rate to its highest in over three years spelled gloom for the Indian stock market as investors feared a hike in banks' CRR was imminent.

India's headline inflation rate for the week ended 22nd Mar, 2008 rose to an over three-year-high of 7% from 6.68% a week earlier, mainly on account of prices of primary articles, especially iron ore.

However, WPI index is just a misnomer as it does not account the services sector which accounts 55% of the GDP, so there are chances that whatever inflation data we are getting could be just misleading. Besides as I mentioned earlier this is an “Imported Inflation” and the government could do little in terms of monetary measures.

Thus, I expect that RBI may wait to see the impact of major step taken recently (custom duty cut on edible oils, export ban on food grains, steel price hike roll back) by the government to counter inflation. A rate hike at this point may hurt the growth which has already slowed in past few months. Indian economy is still doing very well as compared to US which is expected to get less 1% in the current fiscal.

The moot point is that while the US faces recessary chances, Indian economy is chugging on well and I do not find why we Investors should be so worried with these short term blips. In the near term, I expect RBI to let the INR rise against USD, as it will result in cheaper imports. Or the RBI can go for Rupee Appreciation route which I mentioned long back in my blog.

Today's Market Dynamics:

The market lost ground today giving up yesterday's gains tracking weakness in Asian and European stocks. Larsen & Toubro and Wipro were major losers from the Sensex pack. Bharat Heavy Electricals and Bharti Airtel were major gainers from Sensex pack. Reliance Energy recovered from lower level. The 30-share BSE Sensex ended down 169.46 points or 1.08% at 15,587.62. At the day’s low of 15,479.42, Sensex lost 277.66 points in mid-morning trade. Sensex rose 13.08 points at the day's high of 15,770.40 , at the onset of the trading session. The broader based S&P CNX Nifty was down 51.55 points or 1.08% at 4,709.65. Nifty April 2008 futures were at 4690.30, at a discount of 19.35 points as compared to spot closing of 4709.65. Asian and European stocks dropped today as news a possible capital injection at the largest US savings and loan company Washington Mutual Inc failed to eliminate concerns about more bank writedowns. In Asia, key benchmark indices in Hong Kong, Japan, South Korea, Singapore and Taiwan were down by between 0.65% to 1.79%. European markets were weak. France’s CAC, Germany’s DAX and UK’s FTSE 100 were down by between 0.87% to 1.31%. US stocks were little changed on Monday, 7 April 2008, as rising oil prices stoked fears that corporate profits will suffer, overshadowing optimism the credit crisis is easing on news that Washington Mutual Inc was close to securing a $5 billion investment. BSE clocked a turnover of Rs 5,127 crore compared to a turnover of Rs 4,969.92 crore on Monday, 7 April 2008. The NSE's futures & options (F&O) segment turnover was Rs 33,143.36 crore, which was higher than Rs 32,302.80 crore on Monday, 7 April 2008. Capital goods, IT, metal and oil & gas stocks declined. However BSE Mid-Cap and Small-Cap indices rose. The market breadth was positive: on BSE 1393 shares advanced as compared to 1,210 that declined. 69 shares remained unchanged. The BSE Mid-Cap index was up 0.6% to Rs 6,383.02 and BSE Small-Cap index rose 0.47% to 7,814.17. BSE Capital Goods index (down 1.78% to 12,528.84) BSE Metal index (down 1.93% to 13,544.58), BSE IT index (down 1.69% to 3,685.07), underperformed Sensex. BSE Bankex (up 0.62% to 7,952.81), BSE Consumer Durables index (up 0.32% to 3,926.27), BSE Power index (down 0.04% to 3,005.48), BSE HealthCare index (down 0.12% to 3,936.03), BSE PSU index (down 0.4% to 7,240.22), BSE Auto index (down 0.42% to 4,415.37), BSE FMCG index (down 0.5% to 2,372.64), BSE Oil & Gas index (down 0.83% to 10,462.87), BSE Realty index (down 0.98% to 7,410.22) outperformed Sensex. India's largest engineering and construction firm by sales Larsen & Toubro lost 5.09% to Rs 2,581.30 even as company said it had bagged four orders worth Rs 1687 crore. The orders are for water supply projects, sinter plant and cold roll mill and a coal handling plant. However, India’s largest power equipment maker by sales Bharat Heavy Electricals rose 4.67% to Rs 1,712.75. Metal stocks declined. Steel Authority of India (down 6.14% to Rs 157.55), National Aluminium Company (down 3.55% to Rs 432.45), Tata Steel (down 3.39% to Rs 656.30), Hindalco Industries (down 1.53% to Rs 170.30) edged lower. IT stocks declined. Wipro (down 4.6% to Rs 414), Tata Consultancy Services (down 1.64% to Rs 885.30), Infosys (down 2.07% to Rs 1,461.30) and Satyam Computer Sevices (down 0.71% to Rs 429.10) edged lower. Oil & Gas stocks declined. ONGC (down 0.65% to Rs 1,011.25), Reliance Petroleum (down 1.57% to Rs 168.75), Cairn India (down 0.35% to Rs 227.25) edged lower. India’s largest private sector company in terms of market capitalisation and oil refiner Reliance Industries declined 1.02% to Rs 2,381.25. It recovered from its lows of Rs 2,358.60. A consortium of Reliance Industries (RIL) has reportedly discovered oil in Yemen. The discovery in Block 9 in Qarn Qaymah 2 well is considered to be significant, and RIL is in process of evaluating the viability. Jaiprakash Associates (down 4.48% to Rs 221.55), Ranbaxy Laboratories (down 2.71% to Rs 470.75), Grasim Industries (down 2.56% to Rs 2,560.40), Hindustan Unilever (down 2.02% to Rs 247.90), Maruti Suzuki India (down 1.91% to Rs 744.20), and NTPC (down 2.12% to Rs 186.55) edged lower from the Sensex pack. ICICI Bank (up 0.49% to Rs 813.25), DLF (up 0.68% to Rs 621.25), Bharti Airtel (up 1.25% to Rs 828.60), HDFC (up 0.13% to Rs 2,309.50), State Bank of India (up 0.09% to Rs 1,674.80), HDFC Bank (up 0.09% to s 1,304.30) edged higher from Sensex pack. Orchid Chemicals and Pharmaceuticals clocked the highest volume of 2.05 crore shares on BSE. Reliance Natural Resources (1.14 crore shares), Sita Shree Food Poducts (1.06 crore shares), Indiabulls Securities (76.55 lakh shares) and Reliance Petroleum (71.28 lakh shares) were other volume toppers in that order. Orchid Chemicals and Pharmaceuticals clocked the highest turnover of Rs 478.05 crore on BSE. Bharat Heavy Electricals (Rs 264.07 crore), Larsen & Toubro (Rs 226.74 crore), Reliance Power (Rs 207.53 crore) and Reliance Capital (Rs 203.91 crore) were other turnover toppers in that order. The next major trigger for the market is Q4 March 2008 results of India Inc. Analysts will be closely watching what the company managements have to say about the outlook for the year ending March 2009 (FY 2009). Analysts will also scrutinize disclosures that companies may make regarding foreign exchange derivatives products that they have bought on the advice of their bankers. A steep decline in the value of the US dollar against the Japanese Yen and the Swiss Franc hit Indian corporates which have used these two currencies (Yen and Franc) extensively to swap their rupee denominated debt. As regards Q4 March 2008 results, Morgan Stanley expects 23% growth in net earnings of 104 out of 108 firms in its Indian coverage universe in Q4 March 2008 over Q4 March 2007. Good results are expected from the telecom sector on the back of strong growth in new subscribers additions. Infrastructure and engineering firms, too, are seen reporting decent numbers in Q4 March 2008 on the back of healthy order book positions. The performance of auto firms is likely to be sluggish due to muted volume growth and rise in input costs. A depreciation of the rupee against the dollar is likely to drive good results from the IT sector on a sequential basis in Q4 March 2008 over Q3 December 2007, though the focus here is on guidance for the year ending March 2009 from IT bellwether Infosys Technologies. Infosys guidance will give investors a sense of the effect of the weakening US economy on technology spending by companies there. Sensex had jumped 413.96 points or 2.7% at 15,757.08 on Monday, 7 April 2008, on positive cues from the Asian markets. [With Inputs from the Internet]

Note:This is for the general information to all my well-wishesrs and all the readers of this blog that whatever Advertisements are placed here by some well known advertisement agencies are not according to my consent. So if you find the advertisement of any brokerage house here, please do not think that it has been placed here on my consent. In fact I do not have choice on the type of advertisements which are placed here as they are done by the said agencies--which essentially means while I choose the ad agencies, but not the type of advertisements here unless they are Pornographic in nature.

So next time please be careful before acting on those advertisements. U might find the advertisements of a brokerage firm on my blog (and I think it is deliberately placed here to show that I have consent to it) one of whose analysts repeatedly gave misleading statements on a Business Channel, when the market was falling and I took it headon which dented lot of popularity of the said Brokerage Firm. My strong resistance to such manipulation of the Visual Media by some vested interest groups(read Brokerage Houses), had also prompted SEBI to send strong statements against brokerage houses. So please take these points while considering the advertisements on this blog--Kindly, don't think that a particular advertisement has been placed after seeking my consent; infact most of the time it is just the opposite.

Winning Strokes:

My Morning Call on Acrysil Ltd (BSE Code-->524091) and BNK Capital Markets Ltd saw them hit the buyer freeze in the early trade. But why is the sudden optimism in BNK Capital Markets Ltd.....Is it an Indirect Play on some counters!!?? Hahaha...Keep Guessing!!! Tech Mahindra Ltd crossed an important resistance levels today. The scrip was recommended to the Paid Members around Rs.902--Rs.4 range. The scrip is all set to move up to Rs.1100 in the next few trading sessions: Kamanwala Housing Construction Ltd, hit its 3rd consecutive buyer freeze, the Paid members were asked to enter the scrip a couple of days back: K Sera Sera Productions Ltd does it in style today also, the stock closed up almost 3%: Relaxo Footwear Ltd jumped up 5.62% today, the stock is now all set to cross Rs.50 mark: There are some news coming in DMC International Ltd. The company has recently gone for some acquisitions (Konichiva Builders, Swen Realty & Media Ltd etc). It is worth noting that Swen Realty & Media Ltd (a company in the process of merger with the company) entered into an agreement with Traditional Karate Federation of India (TKFI), a national governing body of Karate in India, to solely market, manage and execute "2008 Euro Karate Championship" which was held on April 26 and 27, 2008 in Delhi. Sixteen countries, eight each from Europe and Asia participated in the event, which includes "International Workshop on Martial Art for Better Management". The revenue from both the events are expected to be around Rs 10 crore by way of sponsorship fees, workshop participation fees etc. This could give positive triggers to the company. Besides there are also some encouraging news on Jatropha front: Moreover, my earlier recommended Gandhi Special Tubes Ltd, BF Utilities Ltd, Radhe Developers Ltd, Associated Alcohol and Breweries Ltd, Kanishk Steel Ltd, SAAG RR Infra Ltd etc. did well today: Keep accumulating Ennore Coke Ltd on all declines due to some positive news happening on the counter:

The market surged in late trade to end close to the day’s high. It held firm despite the latest data showing a rise in inflation to highest level in more than three years. Firm global markets supported domestic bourses. The market had pared gains in mid-morning trade after a strong start ahead of the inflation data. It had surged in early trade on positive cues from global equities. Gains in banking, realty, IT, capital goods, and auto stocks powered today's rally on the bourses. Except BSE Metal index all the sectoral indices on BSE were trading in green. Metal stocks declined as global base metal prices retreated. The market breadth was positive. European markets which opened after Indian market, were strong. Asian markets which opened before Indian market, were firm. US stocks rose on Thursday, 1 May 2008, as a rebound in the dollar and retreating oil prices calmed fears about inflation, renewing investors' appetite for riskier assets, including undervalued technology shares. India's wholesale price index rose 7.57% in 12 months to 19 April 2008, accelerating from the previous week's annual rise of 7.33%, government data released today showed. The rate was the highest since a reading of 7.68% on 13 November 2004. The 30-share BSE Sensex provisionally ended up 323.96 points or 1.87% at 17,611.27. Sensex was up 158.62 points at the day's low of 17,445.93 hit in mid-morning trade. Sensex hit a high of 17,621.24 in early trade, its highest level since 29 February 2008. At the day’s high, Sensex rose 333.93 points. The broader based S&P CNX Nifty was up 59.5 points or 1.15% at 5,225.40. The BSE clocked a turnover of Rs 6549 crore today compared to a turnover of Rs 6909.57 crore on Wednesday, 30 April 2008. The market was closed on Thursday, 1 May 2008, for a public holiday. The market breadth was positive with 1,393 shares advancing as compared to 1306 that declined on BSE. 74 remained unchanged. The BSE Mid-Cap index rose 1.36% to 7,236.14 and BSE Small-Cap index rose 0.47% to 8,814.64. India’s largest private sector firm by market capitalisation and oil refiner Reliance Industries (RIL) rose 2.49% to Rs 2,680.05 after the company said it had signed an agreement to buy a 90% stake in an exploration block in Peru. Banking stocks rose across the board despite surge in inflation. HDFC Bank (up rose 1.33% to Rs 1,535), ICICI Bank (up 6.55% to Rs 937), edged higher. India’s largest commercial bank State Bank of India rose 2.86% to Rs 1,827.10. The bank today reported 26% rise in net profit to Rs 1883 crore in Q4 March 2008 over Q4 March 2007. The results hit the market at the fag end of the trading session. Bank of India rose 5.36% to Rs 361 after it posted 70% rise in net profit to Rs 757 crore in Q4 March 2008 over Q4 March 2007. Finance Minister (FM) P Chidambaram on Thursday, 1 May 2008, said state-run banks are unlikely to hike interest rates in the near future. FM said banks were quite happy that only the CRR (cash reserve ratio) has been raised by the Reserve Bank of India and policy rates have been untouched. RBI on Tuesday, 29 April 2008, hike CRR by 25 basis points to 8.25% in its annual monetary policy review. Auto stock rose on strong monthly sales. India’s largest car maker by sales Maruti Suzuki India rose 6.6% to Rs 790.90. Maruti Suzuki India has recorded a 22.4% growth in domestic sales in April 2008 compared with April 2007. The company's exports grew 64.5% during the month compared with the year-ago period. In April Maruti Suzuki sold 59,539 units in the domestic market compared with 48,652 units in April 2007. Bajaj Holdings rose 3.38% to Rs 733.15. Erstwhile Bajaj Auto reported a 23.60% growth in motorcycle sales during April 2008 at 2,03,081 units against 1,64,304 units in the same month last year. The company's total two-wheeler sales also rose 23.08% during the month at 2,03,930 units as compared to 1,65,692 units in April last year. India’s largest motorbike maker by sales Hero Honda Motors declined 0.79% to Rs 844. Hero Honda Motors reported a 9.03% jump in motorcycle sales during April 2008 at 2,86,252 units against 2,62,544 units in the same month last year. India’s largest tractor maker by sales Mahindra & Mahindra rose 2.95% to Rs 690.15 on reports the company is exploring buying stake in Pune-based two-wheeler maker Kinetic Motor. India’s largest truck maker by sales Tata Motors rose 3.68% to Rs 685.05. Realty stocks rose. Housing Development and Infrastructure (up 10.8% to Rs 855.35), Indiabulls Real Estate (up 3.51% to Rs 567) and Unitech (up 3.03% to Rs 319.80) edged higher. India’s largest real estate player by market capitalisation DLF rose 2.11% to Rs 720.15. DLF reported a net profit of Rs 638.55 crore on a sales of Rs 1613.32 crore in Q4 March 2008. Capital goods stocks rose. Larsen & Toubro (up 4.58% to Rs 3,141.05), Bharat Heavy Electricals (up 0.65% to Rs 1,909.25), Suzlon Energy (up 0.63% to Rs 288.95) edged higher. IT stocks rose. Wipro (up 2.78% to Rs 502.20), Tata Consultancy Services (up 2.31% to Rs 940.75), Satyam Computer services (up 2.47% to Rs 494.10) and Infosys (up 2.04% t o Rs 1,789.50) edged higher. Metal stocks declined as global base metal prices retreated. Sterlite Industries (down 4.24% to Rs 825.60), Hindalco Industries (down 4% to Rs 185.85) and Tata Steel (down 2.52% to Rs 797) National aluminium Company (down 2.42% to Rs 438.40) and Steel Authority of India (down 1% to Rs 183.20) edged lower. Jaiprakash Associates (up 5.77% to Rs 286.95), ONGC (up 0.56% to Rs 1,039.20), ITC (up 0.43% to Rs 220.75) edged higher from Sensex pack. HDFC (down 1.11% to Rs 2,773.75), ACC (down 0.67% to Rs 753.55), Ambuja Cement (down 0.88% to Rs 112.90) edged lower from Sensex pack. India’s largest telecom services provider by sales Reliance Communications declined 3.2% to Rs 561.20. Reliance Communications is reportedly looking to bid for South African telecom major MTN. Reliance Communications is talking to leading global banks to raise resources and be ready, in case MTN's management decides to invite bids, the reports added. Indian Bank rose 2.23% to Rs 142.15. It has signed an agreement with Reliance Capital Asset Management to act as a corporate agent to sell the mutual fund products of Reliance Mutual Fund. Adani Enterprises rose 2.7% to Rs 868. The company's subsidiary, Adani Power, has filed a draft red herring form (DRHF) on 2 May 2008 with the Securities & Exchange Board of India for offering 29.69 crore equity shares (including employee reservation) to the public on 100% book building basis. The Dow Jones industrial average shot up 189.87 points, or 1.48 percent, to 13,010 on Thursday, 1 May 2008. The Standard & Poor's 500 Index surged 23.75 points, or 1.71 percent, to 1,409.34. The Nasdaq Composite Index climbed 67.91 points, or 2.81 percent, to 2,480.71. All these three major indexes closed at the highest level since the first half of January 2008 as equities extended a rally started in mid-March 2008 on optimism that credit markets and the economy have begun to stabilize. European markets opened strong. France’s CAC 40, Germany’s DAX and UK’s FTSE 100 were up by between 1.02% to 1.19%. In Asia, key benchmark indices in Hong Kong, Japan, South Korea, Singapore and Taiwan were up by between 0.49% to 2.53%. China's markets remained shut for its two-day Labour Day holiday and will resume trading on Monday, 5 May 2008. Earlier, the US Federal Reserve on Wednesday, 30 April 2008, cut Fed Funds rate by 25 basis points to 2% and hinted at a pause in its recent campaign to lower borrowing costs. Inflation remains the biggest concern for the Indian stock market. The measures taken by the Union government to control inflation have also added to uncertainty on corporate profit. Finance Minister P Chidambaram on Tuesday, 29 April 2008, said government will impose export tax on basmati rice and some steel products, and cut import duties on key inputs like ferro alloys and metallurgical coke. He said the measures were being taken to improve domestic supplies and to moderate prices. The government has already banned export of cement and non-basmati rice. Given that parliamentary elections are scheduled next year (in May 2009), the government may leave no stone unturned in its attempt to rein in inflation. This is bad news for commodity scrips like cement, steel etc. In a bid to rein in inflation, the Reserve Bank of India, on Tuesday, 29 April 2008, raised cash reserve ratio (CRR) by 25 basis points to 8.25%, to suck out excess liquidity in the banking system, in its annual monetary policy review. While the central bank has mentioned price stability as its key priority, the overall undertone of the policy is not as hawkish as market had feared. That in turn boosted the bourses with Sensex jumping 362.50 points or 2.13% on that day (29 April 2008) to settle at 17,378.46. The RBI governor Y V Reddy expects inflation to moderate in the next 2-3 months. Good Q4 results March 2008 results and firm global markets, triggered a solid rebound in the Indian market over the past few days. Buying by domestic institutions has supported the market. The structural growth drivers of the Indian economy remain intact – India’s economy is expected to witness a decent-to-strong growth for a long period of time due to favourable demographics. Acceleration in infrastructure creation will be another driver of strong growth in India’s economy. Rating agency CRISIL in its latest outlook for Indian economy for the year through March 2009 has stated that the overall growth scenario is expected to remain strong with investment as the main driver. Another pointer to the fact that the long term India growth story remains intact is the outcome of the latest 2008 US-India Business Council (USIBC) survey, according to which, India is, and will continue to be, a premier destination for investment by US firms, with a large number of respondents rating future economic growth in India as highly sustainable.

Market may see some technical rebound on Monday: Jayant Manglik ?

[Editor: On last Friday, I have already given a buy on Nifty_Futures from the support levels. Investors should start investing funds in the markets as of now, because going forward, the fundamentals of the economy is expected to improve. Also, any loss which you made earlier, can be covered up in just few trades. For example look at the the share price of B F Utilities Ltd (Rs.412.90), which closed at the Upper Circuits on last Friday even though the Indices tanked. If you remember, it was recommended around Rs.129-130, only few months back. In a similar way, money can be made over a period of time, through many such scrips---what is needed is only patience and expert hand]

Indian markets settled 1% lower on Friday as weak IIP and higher retail inflation raised concern over possible rate hike on December 18. In addition, concerns over possible Fed tapering in December also weighed on the investors' sentiments. Banking, power and realty stocks led the fall in the market.

At the close, the benchmark 30-share index, BSE Sensex declined 210.03 points or 1% at 20,715.58 with 24 components registering drop. Meanwhile, the broad based NSE Nifty fell by 68.65 points or 1.10% at 6,168.40 with 46 components posting drop.

Commenting on the outlook, Jayant Manglik, president-retail distribution, Religare Securities said, "On the last trading session of the week, Nifty was seen struggling from the beginning and kept the negative bias intact till the end. It was seen as reaction to double whammy of contraction in IIP and surge in Consumer inflation. Moreover, sentiments also remained dampened after RBI Governor Raghuram Rajan showed concern over rise in inflation and weak industrial growth and vowed to adjust the credit policy carefully. 

Due to successive decline in the last four sessions, we may see some technical rebound on Monday especially in oversold positions. The immediate support at 6100 in Nifty strengthens our stance. 

The recent decline in Midcap and Smallcap segment has somewhat pushed the retail investors on their back foot again. However, we are advising our clients to keep a slightly longer investment horizon and accumulate quality stocks irrespective to these corrective phases." 

Courtesy: www.myiris.com

WINNING STROKES:

Premier Explosives Ltd hit the buyer freeze (www.sumanspeaksplus.blogspot.com) after the company came out with spectacular results in Q4FY08. I had mentioned about some good news coming from the last few weeks and u must have seen what is the good news. You should buy a scrip when I tell you to buy or else you will miss the bus, like it happened in Premier Explosives Ltd or Southern Online Bio Technologies Ltd. The company is expected to come out with some more good news in the next 45 days. Its overseas subsidiaries are performing excellently well also it has retired a part of the debt through the money it obtained by selling the Mushroom Division last year: The latest Sunday Report Call Bambino Agro Industries Ltd (BSE Code--519295) hit the second consecutive buyer freeze; while the Quickie Call, Sandur Manganese and Iron Ores Ltd hit second consecutive buyer freeze: Southern Online Bio Technologies Ltd hit the buyer freeze on the news of the Government thinking of raising the price of Diesel and also due to the fact the company is expected to get Carbon Credits. The renewable energy companies these days are getting good valuations as Entegra Ltd hit the buyer freeze today also, before cooling down a bit later: Ennore Coke Ltd closed flat today after it rose in the early hours of the trade. The Company as mentioned earlier is starting the heating of the plant, from 1st June, 2008. The company will now import 30% of its produce from outside India, the rest it will collect from the domestic sources. Just go on adding this scrip if you want some quick bucks: Rohit Ferro Tech Ltd (recommended at around Rs.39 to the Paid Groups in the Sunday report) become more than 4 times in less than 12 months. This is called multi-bagger...!!!:BF Utilities Ltd hit another buyer freeze: Besides, my earlier recommended Indsil Electrosmelts Ltd, IFB Agro Industries Ltd, Kamanwala Housing Construction Ltd (U have to book some profits), Carnation Nutra Analogue Foods Ltd, Indag Rubber Ltd etc. did well: That is why I said you need to know where to average and where not and a constant updates on a company's fundamentals. I have always maintained that I do not give tips in the Paid Groups but it is a package as how to excell in the market accompanied by recommendations: Anyway, my grandmonther who was 97 years old expired today and hence the activities of the Yahoo Group(Both Free and Paid) and the Blogs could be affected:

Weakness in the second half of the trading session dragged the market lower today. The market sentiment was hit by reports which trickled in the market in afternoon trade that one of the options that the government may consider to bail out oil firms which are bleeding due to a surge in crude oil prices, was levying of a cess or surcharge on income tax and corporate tax. Banking stocks were the worst sufferers in today's fall. State Bank of India slumped. Information technology stocks held firm. Asian markets edged higher today, 27 May 2008, as bargain hunters scoured the market after five days of losses. Key indices in China, Japan, Hong Kong, Taiwan, South Korea and Singapore were up by 0.39% to 1.48%. But European markets, which opened after Indian market, were mostly in the red. Key indices in France and Germany were down 0.42% to 0.53%. UK's FTSE 100 was up 0.11%. US markets were closed on Monday, 26 May 2008, for Memorial Day holiday. The 30-share BSE Sensex fell 72.91 points or 0.45% at 16,275.59. The Sensex lost 110.58 at the day’s low of 16,237.92, hit in the mid-afternoon trade. The market opened on an upbeat note tracking firm Asian stocks. Sensex climbed 157.85 points at day's high of 16,506.35, hit in early trade The broader based S&P CNX Nifty was down 15.25 points or 0.31% at 4859.80. Nifty May 2008 futures were at 4851.90, a discount of 7.9 points against the spot closing. The NSE's futures & options (F&O) segment turnover was at Rs 49,968.5 crore, higher than Rs 44103.52 crore on Monday, 26 May 2008. BSE clocked a turnover of Rs 5074 crore in the cash segment as against Rs 4,426.96 on Monday, 26 May 2008. As per provisional data, foreign funds sold shares worth a net Rs 496.61 crore today. Domestic funds bought shares worth a net Rs 529.69 crore. The market breadth, which was firmly positive earlier in the day, turned negative as the session proceeded, with 922 shares advancing on BSE as compared to 1760 stocks that declined. 81 stocks remained unchanged. The BSE Mid-Cap index fell 1.21% to 6,678.91 and BSE Small-Cap index lost 1.30% to 8,210.08. Both the indices underperformed the Sensex. Major Sensex losers were, Housing Development Finance Corporation (down 2.08% at Rs 2519.75), ONGC (down 1.34% at Rs 884.35), HDFC Bank (down 1.20% at Rs 1331.30) and DLF (down 0.80% at Rs 596.45). Major Sensex gainers were, Cipla (up 3.04% at Rs 205.05), ITC (up 1.65% at Rs 209.10), Ambuja Cements (up 0.98% at Rs 97.60), NTPC (up 0.97% at Rs 177.40) and Reliance Infrastructure (up 0.86% at Rs 1259.30). India's second largest listed telecom services provider by sales Reliance Communication (RCom) rose 1.57% at Rs 551.75 on reports the proposed deal between Reliance Communications and South Africa's MTN Group may involve an open offer by the South African telecom firm to the shareholders of Reliance Communications. The deal may result in a transfer of Anil Ambani's two-third equity stake in Reliance Communications to MTN shareholders, the reports added. The RCom stock had tumbled 5.08% to Rs 543.20 on Monday, 26 May 2008, after the company said it was in merger talks with MTN. India’s largest private sector firm by market capitalization & oil refiner Reliance Industries fell 1.25% at Rs 2493.20. The BSE Bankex underperformed the Sensex, falling 2.33% at 7,754.64. Oriental Bank of Commerce (down 5.69% at Rs 183.20), Bank of India (down 4.90% at Rs 304.50), Bank of Baroda (down 4.80% at Rs 261.75) and Axis Bank (down 2.96% at Rs 740.40), dropped. India’s largest commercial bank State Bank of India slumped 4.19% at Rs 1473.30, on concerns the bank’s surprise hike of 25-50 basis points in deposit rates could put pressure on its operating profit margin in the short term. In an announcement made after market hours yesterday, 26 May 2008, State Bank of India said that two to three year term deposit rate will be raised to 8.75% from 8.5%, and five to ten year deposits would fetch 9% from 8.5%, effective from 1 June 2008. The hike in deposit rates is aimed at attracting more funds to meet aggressive growth targets India’s largest private sector bank by assets ICICI Bank declined 1.71% at Rs 812.55. The BSE IT index outperformed the Sensex, gaining 0.73% at 4,450.40. Satyam Computer (up 3.29% at Rs 499), Wipro (up 2.71% at Rs 491.60), HCL Technologies (up 1.08% at Rs 299.05), TCS (up 0.81% at Rs 966.60), rose. However, India's second largest software exporter by sales Infosys Technologies fell 0.42% at 1878.55. Among the mid-caps, Jyoti Structures (down 6.90% at Rs 132.15), BGR Energy (down 6.89% at Rs 379.80), Brigade Enterprise (down 6.88% at Rs 191.45), and Elecon Engineering Company (down 6.70% at Rs 125.40), slipped. Among the small-caps, Confidence Petroleum (down 10% at Rs 17.65), Kirloskar Pneumatic Company (down 7.34% at Rs 394), Elantas Beck (down 6.97% at Rs 263.05), Emkay Share And Stock Brokers (down 6.89% at Rs 125) and Eicher Motors (down 6.79% at Rs 358.20), tumbled. Bajaj Finserve clocked the highest turnover of Rs 208.92 crore on BSE. Reliance Capital (Rs 195.04 crore), Reliance Industries (Rs 159.70 crore), Aishwarya Telecom (Rs 150.44 crore) and Reliance Power (Rs 143.90 crore), were the other turnover toppers on BSE in that order. Chambal Fertilisers and Chemicals registered the highest volume of 1.67 crore shares on BSE. IFCI (1.45 crore shares), Aishwarya Telecom (1.41 crore shares), Ispat Industries (1.36 crore shares) and Reliance Natural Resources (1.16 crore shares), were the other volume toppers on BSE in that order. Cooking appliances maker Hawkins Cookers jumped 8.85% to Rs 183.95 after the company’s board of directors recommended a liberal dividend of Rs 10 per share in a board meeting held on Monday, 26 May 2008. Sandur Manganese and Iron Ores was locked at upper limit of 5% at Rs 1185.65 on sustained buying after the company’s management guided a whopping 10-fold jump in net profit for the year ending March 2009, on 13 May 2008. Automobile batteries maker Amara Raja Batteries jumped 0.90% at Rs 191 on reports the founders of the company have decided to form a holding corporation that will take under its wing five group companies and the newly formed Amara Raja Infra. IT firm HTMT Global Solutions soared 0.11% to Rs 360 on reports the firm is planning to acquire a mortgage-specific company in the UK. The business process outsourcing (BPO) and IT services provider may invest more than $150 million for the buyout. HTMT has internal accruals of $110 million which will be used for the acquisition, the reports added. Engineering firm Kirloskar Electric Company spurted 2.37% at Rs 188.05 on reports the firm has mounted a bid to acquire Germany's Lloyd Dynamowerke based on an estimated enterprise valuation of about $100 million. Food products supplier Sita Shree Food Products advanced 2.25% to Rs 43.25 after the company said it had received orders from Reliance Fresh for 400 metric tonnes of wheat flour and pulses, higher from its previous order for 160 metric tonnes. Industrial equipment maker Thermax jumped 1.92% to Rs 438.30 after the company said its boiler & heater business unit has received an export order worth 14.2 million euro for supply of heat recovery steam generator to an oil company in Europe. Bhuwalka Steel Industries, which manufactures steel billets, gained 2.22% to Rs 83 after the company said it expects revenue of Rs 125 crore and rental income of Rs 12 crore a year, from redevelopment of a mill property in Bangalore.

Market Mantra

Tulip Telecom Ltd hits another buyer freeze in the opening trade. Today on the NSE, there are more than 1 million buyers while there are no sellers. 

Some of the infrastructure companies, like IVRCL Ltd (Rs.20.30), B F Utilities Ltd (Rs.260), Jai Corp Ltd (Rs.64) are doing well today, due to fall in the cement prices (Prices of cement bags fell 3-6% this month across most markets in the country) and also due to optimism that RBI might go in for an aggressive rate cut, as both the Retail inflation and WPI inflation has fallen. 
Excepts of my mid-market inputs to the Paid Group Members: Inability to break 5475 (Nifty_Spot) and a rise above 5615 has turned the market trend upwards. Nifty has re-entered the zone above 200 DMA. Shares from almost all sectors are participating in the up move setting an immediate target of 5850 for Nifty. It seems that intermediate correction started in February has come to an end and uptrend is likely to get resumed. The traders are suggested to hold on to their longs with a Nifty_Spot target of 5850. Nifty_Spot is now trading around 5700 (at the time of sending the report to the Paid Members). Fundamentally speaking, today, the market is expected to continue to trade strong, after a lot of positive macro--economic factors gave the bulls the necessary bulwark, like lowering of trade deficit, increase of exports, lowering of imports, falling of crude oil price, falling of inflation trajectory, and so on. . 
Today, the stock of Kingfisher Airlines Ltd is doing well and hit the upper circuits in the morning trade before cooling down a bit. There were media reports that: "Kingfisher management sources claimed to have got a nod from the Director General of Civil Aviation (DGCA) to go ahead with its pilot training programme ahead of the airline's re-launch". CLICK HERE. Also, a fall in the crude price is positive for the aviation sector, as the ATF prices will come down. The stock should slowly move towards Rs.14-15,  in the coming days. Today it is moving up with good volume; already 26, 59,699 (more than 2.6 million) shares have been traded in the BSE. CMP: Rs.6.95. 
In the media space, while Reliance Mediaworks Ltd (CMP: Rs.50) is up more than 1%, the other ADA Group comcpany Reliance Broadcast Network Ltd is trading flat at Rs.26.35. Both the scrips should be purchased, as a sea change is expected to take place, post the completion of the 2nd phase  of digitization.

WINNING STROKES:THINK DIFFERENT:

Energy Development Ltd hit the 7th consecutive buyer freeze, after being recommended at around Rs. 105: My yesterday morning call Lok Housing & Constructions Ltd hit the buyer freeze in a rather volatile trade. Where will the stock go from here according to market sources?? In a similar way BF Utilities Ltd & NEPC India Ltd hit the buyer freeze: A sell call on BSEL Infrastructure Ltd saw it going down all down: Besides, my earlier recommended, IFB Agro Industries Ltd, Ritesh Properties Ltd etc. did well yesterday: What is the lastest on Ennore Coke Ltd?? Why should investors buy Premier Explosives Ltd or/and BNK Capital Markets Ltd in a more aggressive way?? Will Premier Explosives Ltd benefit from the Indo-US nuclear co-operation?? What is the latest on the company??

Oil prices briefly spiked to a new record above $147 a barrel Friday, as rising hostilities between the West and Iran and unrest in Nigeria sent investors rushing back to energy markets. But this war drama which was scripted by Israel, Iran and the US long back, is helping both the Iran and the US in two different ways. While, Iran is raking in huge mullah from selling of Crude Oil, a weak US dollar is helping the United States in the fiscal deficit front. So I think through this war drama, both the US and Iran was able to fool the world masses using Israel as the pawn. We all know that in this precarious condition of the world economy, UN will strictly not support any move to go on war against Iran, so is it not all these drama to help both Iran and the US. When Saddam Hussain could not defend the US with such a huge arsenal of war-heads and its fierce army (which was touted to have links with Al-Quaida), it is just foolish to think that Iran will be able to defend itself with the quality of rockets which could best be utilised during "Deewali Festival" of India. I think now the time has come for the Crude to noise-dive to below $120 per barrel, as we are approaching towards the end of Summer Driving Season in the US and the Indian/Chinese Economies are slowing down. It is to be noted that some of the major Asian Economies have already reduced subsidies on Crude Oil, restricting its rampant (mis)--use. However, there are strong rumours that Nymex could further increase the margin for the Crude Oil on Monday, to discourage speculators: The encouragement of the Non-conventional Energy is also reducing the demand for Crude Oil world-wide. Recently the government of India came out with the bio-diesel policy which will usher in a new era for the Indian Bio-diesel companies like Southern Online Bio Technologies Ltd or IKF Technologies Ltd:

Anyway, should we average Kohinoor Broadcasting Corporation or Exit the counter booking losses?? What is the latest on a Reliance Group Company which was recommended yesterday to the Paid Groups, as a Multibagger?? Should we start buying in a aggressive manner Mukesh Ambani Group Companies?? Which Tractor Company is expected to do well going forward?? How will the markets behave from here??

MarketWatchU.S. stocks battered again after brief rally loses

NEW YORK -- U.S. stocks on Friday lapsed back into the cellar after a late-day rally that followed reports that Federal Reserve Chairman Ben Bernanke offered the central bank's discount window to battered mortgage lenders Fannie Mae and Freddie Mac.

"The biggest culprits are bouncing off their lows. It amounts to throwing a deck chair off the Titanic obviously," said Art Hogan, chief market strategist at Jefferies & Co.

Of reports that Bernanke had offered use of the discount window to the government-sponsored entities, Hogan said"that would be the logical follow-through to (Treasury Secretary Hank) Paulson saying we're going to give them access to capital. But they still have a trillion dollars of exposure to mortgages they guaranteed."

Off its earlier lows that had the Dow Jones Industrial Average dropping below the 11,000 level for the first time in nearly two years, the blue-chip index was recently off 154.37 points at 11,074.65.

All but five of the Dow's 30 components succumbed, with Chevron Corp. fronting the declines, off 4.3%.

Investors were also leery about the ailing financial sector with second-quarter results on tap next week from big institutions including Merrill Lynch & Co. and J.P. Morgan Chase & Co.

Shares of General Electric Co. tilted slightly higher after the conglomerate affirmed its 2008 outlook and reported results that met forecasts. The Dow component also said that it would sell its Japanese consumer-lending unit for $5.4 billion.

"GE got us ready for what we're going to be listening to: in-line number, lackluster guidance. Other than with financials next week, we get no guidance and have no idea where we're going," said Hogan.

General Motors Corp. led the minority gains among the blue chips, with the shares of the automaker up 2.2%.

The S&P 500 Index dropped 14.64 points, or 1.2%, to 1,238.75 with all 10 of the index's industry groups falling, led by financials, down 4.3%.

The Nasdaq Composite skidded 27.46 points, or 1.2%, to 2,230.39.

Volume on the New York Stock Exchange topped 1 billion, and decliners topped advancers nearly 3 to 1. On the Nasdaq, 642 million shares traded, and decliners outpaced advancers nearly 2 to 1.

Fault lines: In a short statement early Friday, Treasury Secretary Hank Paulson said that the government was committed to supporting Fannie and Freddie in "their current form."

Fannie Mae and Freddie Mac the biggest buyers of U.S. home loans, both tumbled at the start and remained down in the wake of Paulson's comments. The mortgage giants' shares were recently down more than 25%, with investors holding the view that U.S. taxpayers would foot the bill for any rescue.

The spiking price of crude also weighed, with tensions between Iran and the West and worries about supply sending futures to an all-time high above $147 a barrel in electronic trade on Globex. On the New York Mercantile Exchange, crude closed up $3.43, at $145.08.

"The only friendly thing I can find to say is InBev is raising its bid for Anheuser-Busch Cos," said Hogan of reports that the Budweiser brewer is in talks to be acquired by the Belgian firm.

"Will they change the name of the stadium in St. Louis to Stella?" he quipped. Also pressuring the equities market was Labor Department data earlier that showed the price of goods imported into the country climbing more than expected in June, as soaring fuel costs and a drop in the dollar combined to drive up the cost of non-U.S.-made products. In a separate report, the Commerce Department said that the nation's trade gap narrowed, with U.S. exports increasing at a more rapid pace than imports during May.

Overseas, Asia markets traded mixed, with the Nikkei 225 Average registering a slight loss in Tokyo but the Hang Seng benchmark advancing 1.7% in Hong Kong.

On Thursday, U.S. stocks closed higher with concerns about the viability of Fannie and Freddie offset by a large-scale acquisition in the chemical sector and a 10% rise in shares of Alcoa Inc. [From Internet].