Winning Strokes:

Ennore Coke Ltd recommended to the Paid Groups, a couple of days back gave more than 30% in less than 7 days. Amazing!! What is the real story now........why is it suddenly rising???!!!

Videocon Industries Ltd recommended on 1st October, 2008, to the Paid Groups in the Morning Mails, rose up by more than 13% on the news that the govt revived the proposal for allowing 100% FDI in electronics and sports goods retail.

This line was mentioned on 1st October, 2008 to the Paid Groups: "The govt revived the proposal for allowing 100% FDI in electronics and sports goods retail. This is very good news for the companies like Videocon Industries Ltd. This is very good news for the companies like Videocon Industries Ltd." I think most of the Paid Group members made money from this scrip.....

All the Nuclear Deal related stocks or defence related stocks (KEC International Ltd, BGR Energy Ltd, CESC Ltd, Reliance Power Ltd, BHEL, L & T, Premier Explosives Ltd, HCC etc.) are expected to shoot up in the coming days. BGR Energy Ltd has very recently being recommended by Kotak Securities Ltd.

Infosys Technologies Ltd recommended a couple of days back also rose up by more than 4% on last Friday. Patni Computers Ltd recommended to the Paid Groups rose by more than 7% on 1st October, 2008----both the scrips gave huge intra-day gains. All the technology counters (IT Counters) are expected to do well in the coming months due to rapidly changing (read improving) fundamentals of the US economy.

The Real Estate/Construction stocks are expected to do well in the coming months as the inflation is going to fall further in the coming weeks and the RBI is expected to cut down the CRR of the banks. I am very bullish on Banks, Real Estate/Construction and Power.

Among my recently recommended counters in the banking sector on last Friday, Yes Bank, SBI, etc did well, while Dena Bank, DCB etc. closed flat before cooling down a bit.

The Sensex is expected to reach 21, 000 by October, 2009 and by 2010 end we could see 40, 000 on the Sensex. By this "Deewali" we could see 17, 500 on the Sensex and 5500 on the Nifty.

If even after a MASSIVE BAIL OUT PACKAGE of $700 Billion dollar, if the US investors looks at some trivial things like employment data (if industries are to be made competitive in a depressing environment it is obvious that they will cut job----what is great news about it. I would consider it to be a positive news for the markets) or some such foolish things to decide on investing in the stock markets and feel depressed then God Help the US investors and their analysts......

If some "Investment Banks", whose employees talk like supermen in front of Television Cameras (the Hemendra Kothari variety) take leverages which are not in tune to their coffers what would the Government in a free economy do, unless these erring banks fall due to their own weights.

The Bush administration is doing all that it could to correct these aberrations with the help of Democrats. It is good to see how in the US both the major political conglomerates are working hand and in hand to pull the "elephant out of the mud", unlike Indians.....

We are better off in India.....!!!! I think Indian investors and analysts are better equipped than those overseas-faces which we see everyday on Fox News or CNBC TV18. CNN however has better breed of financial journalists but most of them are boring, lacking presentation, like Lata Venkatesh of CNBC TV 18.

What I feel is that CNBC TV18 should use the services of charming and talented Ayesha Faridi more to increase the TRP of their channels......like NDTV is using Shabani Bagai these days.

Lata tried in vain to create a sensation with his new catch, William B, but unlike big "B" of our own Hollywood, this gentleman probably from London School of Economics, only used his "B" to "Bore" the viewers/ audiences.

It seems English Media (Financial Channels) has insatiable love for overseas economists, most of whom are junk and parrot the same thing time and again (Ambarish Baliga, Ved Prakash Chaturvedi etc. variety). I am disappointed to see how William B mixed up the simple AIG case with the Lehman Brothers' case, without understanding the fact that AIG is an insurance company and it is natural that it could be affected, when the whole of the financial system is in turmoil!! But then it has already been bailed out, so where is the problem!!

Here in India, after the new political equation assumed power at the centre, "bomb culture" has become order of the day. I have already mentioned earlier that when a Bomb drops or explodes in a place it will not distinguish between a Hindu and a Muslim--it will summarily kill all those who in the proximity of that bomb.

Now Christian Missionaries have started giving lessons on how "conversions has taken place without use of any money or other such baits". I do not understand why they do not answer to this simple question, "If God is same,which all the religions around the world preaches, what is the need for conversion at all....."? So the truth lies somewhere.....!!!

I am of course an atheist......as I do not understand the concept of "God" and would prefer to study (or do some research) or practise music, or play chess or take some rest, etc. than spending my time in a Temple or a Mosque.

Buffett: My fix for the economy

Investment guru proposes his own solution to the credit crisis after warning that the $700 billion bailout may not be large enough.

Warren Buffett said Thursday the pricetag of the controversial $700 billion Wall Street bailout may have to rise, and suggested that Treasury team with private investors to buy the distressed mortgage assets at the center of the rescue plan.

Buffett, the chairman and CEO of Berkshire Hathaway, likened the recent turmoil in the markets to an "economic Pearl Harbor" and said that the economy needs a quicker response than Congress has provided.

"We had an economic Pearl Harbor hit," he said during an appearance at Fortune's Most Powerful Women Summit in Aviara, Calif. "For a couple of weeks we've been arguing about who's fault [and] fooling around while things have gotten a lot worse."

On Wednesday, the Senate passed a $700 billion bailout package. The House is expected to vote on the revised bill on Friday, four days after rejecting an earlier version.

"It will cost more to solve this problem today than it did two weeks ago," said Buffett, referring to when Treasury Secretary Henry Paulson's first proposed that Congress help rescue Wall Street, which has seen the collapse of Lehman Brothers and Bear Stearns and the sale of Merrill Lynch. "It's that bad. If we don't get it solved next week, I may go back to delivering papers."

He didn't estimate how much more money would be needed to buy enough toxic mortgage investments in order to create a more stable market and get credit flowing.

Finding a price for distressed assets

But Buffett described a plan he thought of Thursday morning on the way to the Summit that would allow Treasury and private investors to buy assets together. He said his proposal would quickly kickstart demand for mortgage-backed securities and help find a market price for these troubled assets.

"One easy way to do part of the program is to say to anybody - hedge fund operators, Wall Street firms, or anybody else - that the Treasury will lend you 80% of the purchase cost of a bunch of distressed assets," he said, explaining the concept of his proposal. The investors benefit from borrowing at lower rates, but Treasury would get first claim on the sale of those assets, which means it would get its loan back plus interest and possibly turn a profit.

"Now you have someone with 20% skin in the game," he explained. "Believe me, I won't be overpaying if I'm buying with that kind of leverage. And you have someone [the investors] to manage the assets to the extent they need to be managed."

Buffett said that the bill that passed the Senate Wednesday evening isn't perfect, but that it's crucial to prevent the global economy from grinding to a halt. He then warned it will take a while to work and that the economy is going to struggle even with its passage.

He said the problems now facing the economy are unprecedented, and likened the the crisis to a great athlete that has had a massive heart attack.

"We've never seen anything like this where perfectly credit-worthy companies can't get funds," he said.

"Anyone who thinks this bill is a panacea is [making] a mistake," he said. "Without it, it's a disaster."

Buy Hindalco Industries Ltd: Sudarshan Sukhani

Now another chartist: Sudarshan Sukhani has also given a buy on Hindalco Industries Ltd after Prakash Gaba, according to www.moneycontrol.com.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Hindalco Industries  inspite of the bad news was moving in a trading range and it is actually suggesting that it is willing to go higher, cross that boundary and actually begin an uptrend. I don’t know how that will happen if the Nifty decides to go down. Hindalco independently looks quite attractive as a buy." 

HINDALCO'S operations around the world:

• Novelis is headquartered in Atlanta, Georgia and operates 25 manufacturing facilities in nine countries on four continents, with nearly 11,000 employees. Novelis is the world’s largest rolled aluminum producer in terms of volume shipped, and the largest purchaser of aluminum as well. 
• Aditya Birla Minerals is based in Perth, West Australia, and conducts its activities at the Birla Nifty Copper Operation in the Great Sandy Desert, WA and the Mt Gordon Copper Operation located in the Mt Isa Block in Queensland. 
• Hindalco-Almex operates a first-of-its-kind facility in India, which is exclusively devoted to high-performance aluminium alloys. HAAL is located at Shendra, Aurangabad in western India, around 350 km from Mumbai.

At 10:47 hrs Hindalco Industries was quoting at Rs 156.80, up Rs 1.95, or 1.26 percent. It has touched an intraday high of Rs 157.60 and an intraday low of Rs 154.60.

WINNING STOROKES: THINK DIFFERENT:

All the three of my recommended counters, Shree Asthavinayak Cine Visions Ltd, Prakash Industries Ltd and  Country Club India Ltd came out with good set of numbers. The stocks are tanking due to sentimental effects but the companies are as it is, with not much change in the fundamentals. 

Since the last few days, the Paid Members were asked to stay away from the markets due to too much uncertainty in it. Here are some of the excerpts of my morning mail sent to the Paid Members, though a clear cut message was sent to non-risk taking traders to stay away from any stock based trading:

I can see a bullish 'Inverted Hammer' pattern in the daily charts indicating down move could end and it may reverse for short term pullback or move sideways. However, the Nifty needs to close above 5110 to exhibit this reversal pattern, which looks a little steep as of now. Daily RSI has has moved a little from oversold zone however it is still placed below reference line. The momentum indicator-Stochastic has gave a negative crossover suggesting reduced upside momentum and which we are already seeing. On weekly chart both leading indicators are in negative territory suggesting weakness. The trend deciding level for the day is 5050, If NIFTY trades above this level then we may witness a further rally up to 5080-5110-5150 levels". 
We could see some rally tomorrow in the Indian markets. However, the non-risk taking investors and traders should not come out of their shell to invest in these market conditions. There might be temptations from other Paid Services, but please have some discipline, unless, you are a "Rookie" trader like me....!! 

Sustained selling by foreign funds amid concerns that higher interest rates and global economic slowdown will restrict corporate profit growth sent Indian shares tumbling. The barometer index BSE Sensex and the 50-unit S&P CNX Nifty hit 14-1/2-month closing lows. The Nifty fell below the psychological 5,000 mark. Fears over global growth prospects and Europe's ongoing sovereign debt woes weighed on equity markets across the world. The BSE Sensex tanked 371.61 points or 2.2%, off close to 445 points from the day's high and up about 35 points from the day's low. Many Sensex and Nifty components hit 52-week lows.

From a recent high of 18,871.29 on 25 July 2011, the Sensex has tanked 2,401.50 points or 12.72% in seventeen trading sessions.

Foreign institutional investors (FIIs) sold shares worth net Rs 407.60 crore on Wednesday, 17 August 2011, compared to an outflow of Rs 210.20 crore on Tuesday, 16 August 2011, latest data released by the Securities & Exchange Board of India (Sebi) showed. FII outflow in August 2011 totaled Rs 6851.70 crore (till 17 August 2011). FIIs had bought shares worth a net Rs 8030.10 crore in July 2011. FII inflow in calendar 2011 totaled Rs 3848.80 crore (till 17 August 2011).

Investors investing in India are worried that higher interest rates will crimp corporate profit growth. Commercial banks have raised lending rates over the past few days after the Reserve Bank of India (RBI) late last month raised its key lending rate by a steeper-than-expected 50 basis points at a policy review. Three top commercial banks, State Bank of India, ICICI Bank and HDFC Bank, last week, raised lending rates by half a percentage point.

Today's decline on the domestic bourses was broad-based, with all the 13 sectoral indices on BSE logging declines. The market breadth was quite weak. Index heavyweight Reliance Industries, ICICI Bank, State Bank of India, Hindalco Industries, Sterlite Industries (India), Jindal Steel and Power, Tata Steel, Tata Motors, Tata Power, Reliance Infrastructure and Wipro hit 52-week lows. Bank stocks declined on concerns higher interest rates may crimp loan growth. Software pivotals were under pressure on concerns that a likely economic slowdown in the US and Europe will hit technology spending by overseas clients.

The market edged lower in early trade on weak Asian shares. A bout of volatility was witnessed in mid-morning trade as the Sensex cut losses soon after a sudden slide. The market extended losses to hit fresh intraday low in early afternoon trade. A bout of volatility was witnessed as the market weakened once again after trimming losses in afternoon trade. The market extended losses in mid-afternoon trade. The market slumped in late trade.

The BSE Sensex tumbled 371.61 points or 2.2% to settle at 16,469.79, its lowest closing level since 26 May 2010. The Sensex lost 407.49 points at the day's low of 16,433.31 in late trade. The index rose 76.01 points at the day's high of 16,916.81 in early trade.

The S&P CNX Nifty tanked 112.45 points or 2.22% to settle at 4,944.15, its lowest closing level since 26 May 2010. The Nifty hit a low of 4,932.15 and high of 5,078.60 in intraday trade.

The market breadth, indicating the overall health of the market, was quite weak. On BSE, 2,200 shares fell and 669 shares rose. A total of 96 shares remained unchanged.

The BSE Mid-Cap index declined 2.05%, outperforming the Sensex. The BSE Small-Cap index fell 2.62%, underperforming the Sensex.

The total turnover on BSE amounted to Rs 2229 crore, lower than Rs 2369.48 crore on Wednesday, 17 August 2011.

Among the 30-share Sensex pack, 26 declined while the rest gained.

Index heavyweight Reliance Industries (RIL) lost 1.97% to Rs 739.95. The stock hit 52 week low of Rs 735.55 today. RIL, last week, said it has received the government's formal approval to sell a 30% stake in 21 oil and gas production sharing contracts to BP PLC. Following the approval, Reliance and BP will work together to conclude the deal expeditiously, RIL said in a statement.

The initial proposal was for RIL to sell the stake in 23 blocks to BP for $7.2 billion plus another $1.8 billion linked to exploration success. However, the government cleared only 21 blocks and RIL had said it would continue to seek approval for the remaining two blocks.

Software pivotals were under pressure on concerns that a likely economic slowdown in the US and Europe will hit technology spending by overseas clients. The US and Europe are the two biggest markets for Indian IT firms. BSE IT index slumped 3.99% and underperformed the Sensex. India's largest software services exporter TCS fell 4.23%.

India's third largest software services exporter Wipro plunged 4.72% to Rs 328. The stock hit 52 week low of Rs 324.70 in intraday trade today, 18 August 2011.

India's second largest software services exporter Infosys declined 3.56% to Rs 2,362.05. The stock had hit 52-week low of Rs 2,343.70 in intraday trade on Friday, 12 August 2011. Infosys Chief Operating officer S.D. Shibulal today, 18 August 2011, said the company is facing a challenging environment as the main outsourcing markets, the US and Europe, remain weighed by debt crisis and slowing economic growth. Shibulal will take over as the new chief executive officer of Infosys on 21 August 2011.

Shibulal said that, despite the weak economic environment, Infosys will continue to make investments in the short term for sustainable growth in the long term.

HCL Technologies plunged 7%. The company said after trading hours on Wednesday, 17 August 2011, that Canada's largest credit union has selected HCL Technologies to automate enterprise-wide loan origination & processing.

Bank stocks fell on concerns higher interest rates may crimp loan growth. India's largest private sector bank by net profit ICICI Bank lost 5.03% to Rs 864.75, after sliding to a 52-week low of Rs 862.20 today. The bank, last week, raised its base rate upwards by 50 basis points to 10%. The bank had also announced an increase of 0.5% in its benchmark prime lending rate and in its Floating Reference Rate (FRR) for consumer loans (including home loans).

ICICI Bank today, 18 August 2011, said it will launch two new home loan products with interest rates fixed for one and two years--a reminder of the teaser loan schemes which became a banking sector trend in 2009-2010.

India's largest bank by net profit and branch network State Bank of India fell 4.47% to Rs 2077.55, after falling to 52-week low of Rs 2068.30 today, 18 August 2011. The bank's consolidated net profit fell 25.34% to Rs 2512.47 crore on 20.3% rise in total income to Rs 39454.89 crore in Q1 June 2011 over Q1 June 2010. The bank announced Q1 results on Saturday, 13 August 2011.

India's second largest private sector bank by net profit HDFC Bank shed 0.85%. The bank recently hiked its lending rates by half a percentage point, in line with the rate hikes by other top lenders after the central bank raised its policy rate by the same margin in late July 2011. HDFC Bank also raised interest rates on some deposits by between 25 basis points and 75 basis points.

India's largest real estate developer by sales DLF surged 2.7% to Rs 182.40 and was the top gainer from the Sensex pack. The stock rose on bargain hunting after a steep recent slide triggered by a hefty Rs 630-crore fine imposed on the realty major by the competition regulator for abusing dominant market position. The stock had hit a 52-week low of Rs 173.40 in intraday trade on Wednesday, 17 August 2011.

Infrastructure stocks extended recent losses. Hindustan Construction Company, Nagarjuna Construction Company, IRB Infrastructure Developers and Larsen & Toubro fell by between 0.26% to 2.58%.

Some FMCG stocks rose on defensive buying in a weak market. Hindustan Unilever, Marico, Dabur India and Nestle India gained by between 0.19% to 6.98%.

State-run Coal India fell 1.8%, reversing initial gains, on profit booking after two-day gains triggered by strong Q1 results. Consolidated net profit rose 64.05% to Rs 4143.92 crore on 28.29% rise in total income to Rs 16057.97 crore in Q1 June 2011 over Q1 June 2010. The company announced Q1 results after market hours on Friday, 12 August 2011.

Coal India on Wednesday, 17 August 2011, overtook Reliance Industries (RIL) as India's largest company in terms of market capitalization. State-run Coal India produces and markets coal and coal products as well as provides related consulting services.

India's largest listed cellular services provider by sales Bharti Airtel fell 1.26%. Junior finance minister Namo Narain Meena on Tuesday, 16 August 2011, said that Enforcement Directorate, a unit of the finance ministry, has begun a probe into suspected foreign exchange violations by Bharti Airtel. Meena also said that on that day that the stock market regulator--the Securities and Exchange Board of India--has received complaints over an alleged increase in share holding by its founders to 67.15% from 60.91% in the company between June 2007 and September 2008, without extending an open offer to public shareholders.

Meena also said on that day that the Central Board of Direct Taxes has received a reference containing allegations regarding improper accounting treatment of license fee and spectrum charges by the company. Bharti Airtel said in a statement on Tuesday, 16 August 2011, that it has always complied with all rules and regulations laid down by various agencies and the licensing authority, the Department of Telecommunications. We will provide all relevant details to the concerned authorities as and when required and will offer full assistance to clarify any concern, the company said.

Reliance Communications rose 0.66% to Rs 75.80 on bargain hunting, halting three-day declining spree. The stock had hit a record low of Rs 74.10 in intraday trade on Wednesday, 17 August 2011.

Idea Cellular rose 0.21% after Malaysia's Axiata bought an additional 0.9% stake or 2.98 crore shares in the company on 5 August 2011, raising its holding to about 20%. The announcement was made during trading hours on Wednesday, 17 August 2011. The stock had risen 2.16% to Rs 94.45 on that day.

Interest rate sensitive auto stocks fell on concerns higher interest rates could crimp sales of automobiles. Purchases of automobiles, including that of cars, utility vehicles and commercial vehicles are substantially driven by financing.

India's largest small car maker by sales Maruti Suzuki India fell 2.38% on recent reports that the company has cut production of most of its models, including the best selling Alto, by 5% due to slump in demand in the domestic market. Maruti on Wednesday, 17 August 2011, unveiled its much awaited sportier and stylish car, new Swift. The new Swift is priced in the range 4.22 lakh to 5.53 lakh for petrol variant and 5.17 lakh to 6.38 lakh in diesel variant.

Speaking at the launch of the new Swift, Shinzo Nakanishi, Managing Director and CEO, Maruti Suzuki on Wednesday said, We have launched the new Swift at a time when there was significant demand for the ongoing model. In keeping with the Swift's iconic status, we had to ensure that the brand continues to offer the latest and the best in terms of features, design, performance and aspiration. I am confident that the new Swift will create new benchmarks with its improved fuel efficiency, stylish and sportier looks and high performance.

India's largest tractor and utility vehicles maker by sales Mahindra & Mahindra (M&M) declined 0.4%. The company's consolidated net profit rose 6.7% to Rs 662.30 crore on 66.2% rise in gross revenue and other income to Rs 14256 crore in Q1 June 2011 over Q1 June 2010. The result was announced during trading hours on Wednesday, 17 August 2011.

Commenting on the results, Mahindra Group Executive Director and Chief Financial Officer Bharat Doshi said, We are delighted to announce the consolidated financials of the Mahindra Group which in addition to the auto and farm businesses are a reflection of the robust growth of the various group companies in the IT, finance, real estate, hospitality and Systech sectors. Mahindra Satyam's significant growth in margins and profit and SsangYong Motor Company's improved sales volume is heartening to note; it is with great satisfaction that we see the integration of both these companies in the group.

India's largest commercial vehicle maker by sales Tata Motors dropped 3.36% to Rs 753.15 after global sales fell 6% to 85,392 units in July 2011 over July 2010. The stock hit 52-week low of Rs 750.10 today. While sales of luxury sedans of Jaguar brand were down 23% to 4,372 units, Land Rover sales were up by 8% at 14,747 units in July 2011 over July 2010. Total passenger vehicles sales fell 24% to 38,154 units in July 2011 over July 2010. Commercial vehicles sales were up by 16% to 47,238 units.

The company at the fag end of the trading session on Tuesday, 16 August 2011, had informed the stock exchanges that a committee of directors vide its Circular Resolution dated 12 August 2011 approved 13 September 2011 as the record date for the purpose of sub-division of the Ordinary Shares and 'A' Ordinary Shares (collectively the shares) both having face value of Rs 10 into 5 shares having face value of Rs 2 each.

India's largest bike maker by sales Hero MotoCorp rose 0.67%. The company recently unveiled a new brand. The company said during market hours today that its board of directors by way of passing a resolution by circulation on 17 August 2011, appointed Sunil Kant Munjal as the joint managing director of the company for a term of five years from 17 August 2011.

Private sector power utility Tata Power slipped 3.1% to Rs 1042.05 after declining to a 52-week low of Rs 1034 today

Metal stocks fell in volatile trade on worries the global economic slowdown may crimp demand. Nalco (down 0.73%), Sail (down 2.02%), edged lower.

India's largest aluminium maker by sales Hindalco Industries fell 3.5% to Rs 1237.75. The stock hit 52-week low of Rs 136.80 today.

India's largest sponge iron maker by sales Jindal Steel & Power fell 4.16% to Rs 494.85, after falling to a 52-week low of Rs 490.50 today.

India's largest steel maker by sales Tata Steel declined 2.07% to Rs 462.55. The stock hit a 52-week low of Rs 459.30 in intraday trade today, 18 August 2011. The company's consolidated net profit surged 192.91% to Rs 5346.55 crore on 35.33% rise in total income to Rs 36882.43 crore in Q1 June 2011 over Q1 June 2010. Tata Steel announced the first quarter results late last week.

Tata Steel's net profit zoomed due to 6445.71% jump in other income to Rs 3882.26 crore in Q1 June 2011 over Q1 June 2010. The other income includes profit of Rs 2879.29 crore on disposal of Tata Steel Global Mineral Holding's investment in Riversdale Mining. The other income also includes profit of Rs 511.01 crore on sale of part of investment in Tata Refractories. The other income also includes Rs 597.71 crore relating to arbitration with the Teeside Cast Products Consortium.

India's largest non-ferrous metals producer Sterlite Industries (India) declined 4.28% to Rs 128.60 after hitting a 52-week low of Rs 127.50 today.

Cals Refineries clocked highest volume of 1.77 crore shares on BSE. K S Oils (1.59 crore shares), SpiceJet (73.27 lakh shares), Suzlon Energy (61.09 lakh shares) and Sanraa Media (45.76 lakh shares) were the other volume toppers in that order.

SBI clocked highest turnover of Rs 148.41 crore on BSE. ICICI Bank (Rs 78.99 crore), Inventure Growth Securities (Rs 63.83 crore), Educomp Solutions (Rs 51.61 lakh shares) and RIL (Rs 48.56 crore) were the other turnover toppers in that order.

Indian firms relying on European and US markets are worried about a likely economic slowdown in the US and Europe. Indo-Europe trade stands at $67 billion, making it India's largest trading partner globally. Bilateral trade between India and the US stood at $36.5 billion in 2010.

Reserve Bank of India (RBI) deputy governor Subir Gokarn today, 18 August 2011, said that the primary objective of monetary policy must be to keep inflation low and stable. Earlier in the day Anand Sinha, another deputy governor of the Reserve Bank of India had said tackling inflation is the bank's primary concern. The Reserve Bank of India (RBI) is scheduled to undertake a mid-quarter policy review on 16 September 2011.

The food price index rose 9.03% and the fuel price index climbed 13.13% in the year to 6 August 2011, government data on Thursday, 18 August 2011, showed. In the previous week, annual food and fuel inflation stood at 9.90% and 12.19% respectively. The primary articles index was up 11.64%, compared with an annual rise of 12.22%.

The wholesale price index (WPI) for the month of July 2011 came in at 9.22%, lower than 9.44% rise in June 2011. The government also raised May's inflation reading to 9.56% from a provisional 9.06%. Chief Economic Adviser Kaushik Basu on Tuesday, 16 August 2011, said he expects inflation to remain between 9% and 10% until December. Finance Minister Pranab Mukherjee on Tuesday said the government will take steps to cool inflation, although he didn't elaborate what these measures might include.

Industrial production grew 8.8% in June 2011 from a year earlier, helped by strong growth in manufacturing output, data released by the government on Friday, 12 August 2011, showed. The reading was sharply higher than the upwardly revised 5.95% industrial output growth in May 2011. The June reading also beat market expectations by a wide margin.

Food Minister K.V. Thomas on Wednesday, 17 August 2011, said that the government plans to introduce a food security bill, which promises to give cheap food grains to 70% of the country's population, in the winter session of parliament. Thomas told reporters that the bill won't be introduced in the ongoing session of parliament, as earlier planned, because the consultation process with state governments and different ministries is still on. A ministerial panel had cleared the draft law last month.

Indian Meteorological Department (IMD) said today, 18 August 2011, that monsoon rains were 26% above normal in week to 17 August 2011, strengthening from a 14 percent above normal reading in the previous week. The June to September Southwest monsoon rains are crucial to crop production in 60% of the country that does not have adequate irrigation.

Total rainfall since the beginning of the season was 1% below normal until 17 August 2011, down from a deficit of 4% until last week. Good rains will help India achieve its target of increasing its food grains output to a record 245 million metric tons this crop year that started 1 July 2011. Good rains could help boost rural income and may help bring down food inflation. The rainfall has been normal in 65% of the country, while it has exceed the normal in 23% and deficient in 12% until 17 August.

So far, rainfall was excess to normal in oilseeds-growing western region, in the rice-growing eastern region as well as parts of the grain-bowl northern region and the north-western Rajasthan state. Plantings of key summer crops have been on the rise until 5 August, aided by favourable weather, including the main summer-sown rice crop. Rice acreage rose to 26.03 million hectares as against 24.47 million hectares during the same period last year. A news agency quoted IMD spokesman B.P. Yadav as saying that there could probably be a weakening of the monsoon rains again next week, especially in the northern region but showers may increase in central India and southern peninsula.

European stocks tumbled on Thursday, 18 August 2011, amid worries over stalling global growth. The key benchmark indices in France, Germany and UK fell by between 2.06% to 3.45%.

Asian stocks fell on Thursday, 18 August 2011, with Japanese exporters hit by a stronger yen. The key benchmark indices in China, South Korea, Hong Kong, Singapore, Japan, and Taiwan fell by between 0.13% to 1.7%. Indonesia's Jakarta Composite rose 1.71%.

Trading in US index futures indicated that the Dow could fall 170 points at the opening bell on Thursday, 18 August 2011.

Powered by Capital Market - Live News

The Flatish-Indices Closes in the Green after a Wild Start: Focus shifts to Small-cap, Mid-cap & Micro-cap Counters:Massive rally in Small & Micro-cap Counters:

Oil is hovering around $62/Barrel:Buy Samkrg Piston & Rings Ltd, Soma Textile Industries Ltd & Roto Pumps Ltd on all declines:

Small-cap, micro and mid-cap stocks came to the fore today as investors rotated money from frontline shares. The valuations of small-cap, Micro and mid-cap shares have turned attractive vis-a-vis frontline stocks following a surge some of the frontline stocks in the past few months. BSE Small-Cap Index rose 103.62 points or 1.5% today to settle at 6,635.01 and BSE Mid-Cap Index advanced 76.64 points or 1.3% to 5,727.85. In comparison, Sensex rose a muted 14.78 points or 0.1% to settle at 13,616.73. The S&P CNX Nifty rose 6.45 points or 0.16% to settle at 3,928.20. Volatility was high. After surging over 100 points at the onset of trading tracking firm Asian markets, Sensex gradually pared gains later and it even slipped into the red at one point of time at the fag end of the trading session. It recovered from the red and moved into the green again at close. Sensex hit a low of 13,586.04 and high of 13,711.76. Liquidation of positions in the November 2006 derivatives contracts ahead of expiry of November contracts on Thursday weighed on the bourses today. Five Sensex heavyweights Infosys, ICICI Bank, ONGC, Bharti Airtel and Reliance Industries (RIL) slipped into the red. These five stocks have a combined weightage of over 40% in Sensex. Asian and European markets were firm today. Japan’s Nikkei 225 average jumped 221 points or 1.3% to 16,076.20 following robust industrial output data. The market sentiment remains bullish due to strong FII inflow and expectations that corporate earnings growth will remain strong. Sensex has risen sharply over the past few weeks. The barometer index is up almost 45% in calendar 2006 so far. Market would keenly watch the extent of rollover to December contracts from November 2006 contracts which expire on Thursday 30 November. A large rollover would mean traders expect the rally on continue whereas lower rollover would indicate correction might be on the cards. The broad market depicted bullish trend today as gainers outpaced losers by a ratio of 1.77:1 on BSE. Select side counters surged. BSE clocked a turnover of Rs 4388 crore compared to Tuesday’s Rs 4161 crore. Cement shares extended their recent upmove on firm cement prices. ACC gained 3.6% to Rs 1140, Gujarat Ambuja Cements rose 2.3% to Rs 146.55 and Grasim gained 2% to Rs 2770. Cigarette major ITC advanced 2.5% to Rs 184.40. 9.3 lakh shares changed hands in the counter on BSE. Auto shares rose after the government today announced a cut of Rs 2 per litre in price of petrol and rupee one per litre in diesel. Bajaj Auto rose 1.1% to Rs 2670, Tata Motors gained 0.8% to Rs 817 and car major Maruti Udyog added 0.6% to Rs 920. I have already recommended Samkrg Piston & Rings Ltd today at Rs.86 with a price target of Rs.150—Rs.170 in 8—12 months time. This company came out with excellent set of numbers for the September, 2006 quarter. The company has gone in for massive restructuring exercise, the fruits of which have slowly started to come. It is one of the cheapest stocks in the auto ancillary space and is a leading player in the South India. Its client list consist who’s who of Indian Industry. Please read my earlier report on www.eindiabrokers.com. Refinery shares slipped on worries that cut in retail fuel prices would put further pressure on their marketing margins. HPCL shed 3.5% to Rs 291.50 and BPCL lost 1.7% to Rs 354. Indian Oil Corporation dropped 4.7% to Rs 459.90 and Bongaigaon Refinery shed 5.5% to Rs 50.65. Indian Oil Corporation (IOC) today recommended a swap ratio of four IOC shares for every 37 shares held in Bongaigaon Refinery, for merger of Bongaigaon Refinery in IOC. Oil exploration major ONCG dropped 0.8% to Rs 859.80. ONGC has to sell crude at a discount to state-run refiners to help them reduce losses incurred due to state-set prices. Bharti Airtel dropped 1.3% to Rs 620 on profit taking. Communist Party of India said on Tuesday it was against the entry of Wal-Mart Stores Inc. in India, a day after Bharti Enterprises – a Bharti Airtel group company announced a tie-up with the world's biggest retailer on Tuesday. ICICI Bank shed 0.8% to Rs 855 and Reliance Industries dropped 0.1% to Rs 1249. Software major Infosys shed 0.7% to Rs 2151 in volatile trade. On Tuesday, Infosys ADR rose nearly 1%. Tata Steel dropped 0.04% to Rs 475.60 in volatile trade after Anglo-Dutch steelmaker Corus Group said on Wednesday its third-quarter earnings rose 63% on the back of higher steel prices. Corus last month agreed a 4.3 billion-pound takeover offer from Tata Steel. However, Brazil's Companhia Siderurgica Nacional has since proposed making a higher bid and it has been conducting due diligence with the help of senior Corus management. Corus this week delayed a shareholder meeting to vote on Tata's takeover offer until Dec. 20. Tyre shares extended their recent rally as natural rubber prices remained low. JK Industries gained nearly 5% to Rs 141.90, CEAT rose 4.4% to Rs 131.75, Apollo Tyres rose 4% to Rs 357 and MRF rose 2.7% to Rs 4612. There are reports that CEAT is going to sell its Bhandup property soon. Shriram Transport Finance jumped 6% to Rs 140. The company today reported 11.4% growth in net profit for Q2 September 2006 to Rs 39.49 crore (Rs 35.44 crore). Total income rose 37.8% to Rs 318.21 crore (Rs 230.76 crore). This company should gain from the fall in the Petrol / Diesel prices. Recently listed Lanco Infratech jumped 14% to Rs 267. The scrip rose on huge volume of 1.1 crore shares on BSE. Torrent Power jumped 20% to Rs 84.80. Volumes in the stock were a huge 70.9 lakh shares on BSE. Torrent Power is the umbrella company of the newly amalgamated generation, transmission and distribution businesses of the Torrent Group. It debut on the bourses was listed on the bourses on Tuesday (28 November). The T & D shares have never been too favourite of bourses except a select few. Torrent seems to have a mark in this favourite list. Distillation equipment maker Praj Industries gained 4% to Rs 195.20 after the company said on Wednesday it had secured an order worth 2 million euros to design a bio-ethanol complex in Belgium. But since the sector in which it manily performs is on a downturn and hence it is better to avoid this counter for the time being. Bilpower rose 0.2% to Rs 154.15 after the company said on Wednesday it bought 30,999 shares of Tarapur Transformers for Rs 3.41 crore. The firm has also funded Tarapur to the tune of Rs 4.95 crore Jindal Saw jumped 6% to Rs 404.90 on strong Q4 results. Jindal Saw reported a surge in net profit for Q4 September 2006 to Rs 47.56 crore from Rs 24.13 crore in Q4 September 2005. Net sales rose 98.9% to Rs 1123.39 crore from Rs 564.71 crore. Voltas gained 2.4% to Rs 110. 21.3 lakh shares changed hands in the counter on BSE. This stock is being moved by Bombay based operators time and again. The company’s main season has already eneded. Keep away from this counter, except if one wants to play according to Charts for some speculative gains. GE Shipping lost 5% to Rs 213. The stock was relisted on Monday following a scheme of arrangement whereby it transferred its offshore services division to a separate company Great Offshore which would be listed separately. Gujarat NRE Coke rose 20% to Rs 32.25 after the company said the shareholders of Zelos Resources which is listed in the Australian stock exchange last week passed a resolution giving effect to the company taking a controlling 85% stake in the Australian resources firm. Zelos Resources is now being renamed Gujarat NRE Resources NL. BPO firm Tricom India rose 10% to Rs 123.60. On Monday, the company announced that it plans to put up a new centre at Nashik with a recruitment of 400 freshers to its fold. But another BPO firm FCS Software Solutions Ltd fell like nice pins after hitting the buyer freeze at Rs.112.5. I am investing the cause why this stock fell so low, even after hitting the buyer freeze in the early hours. But SEBI should look at this matter. I think some operators are active in this counter who have resorted to large scale selling to corner the scrip. But I am not "unduly" worried as the company is exceedingly doing well, and is planning to open an Overseas Branch soon. The Company has a good order book position. But please keep a stop loss at around Rs.92 and keep holding those who have entered the scrip. Avoid taking fresh positon until the haziness surrounding the counter is cleared. NDTV lost 1.3% to Rs 229.75 after the company said it has entered into a strategic alliance with Karan Johar and Dharma Productions for its entertainment business. It remains to be seen if Karan Johar’s entry can make people say, ”Kuch Kuch Hota Hai” if one watches NDTV. Torrent Pharma rose 3.6% to Rs 197. Dr. Reddy's Laboratories said on Wednesday it had signed a deal with Torrent Pharmaceuticals to sell the latter's anti-cholesterol products, Listril and Listril Plus, in Russia. Kamat Hotels India rose 0.7% to Rs 170.45. The company said on Tuesday that Kotak Securities under its portfolio management schemes, raised its stake in the company to 5.09 percent. The schemes of Kotak Securities acquired 47,648 shares, or a 0.36 percent stake, on Nov. 24, the company said. Gitanjali Gems rose 10% to Rs 239.90 on reports is in talks to acquire U.S. jewellery retailer Samuels Jewelers Inc. in a transaction valued at $25 million. One my earlier recommended pick Radhe Developers Ltd which brought lot of Controversies in 2005, with NDTV coming into action is hitting the buyer freeze. But offlate I have not recommended the counter, since the company has not performed according to expectation. Please trim ur holdings unless you want to earn through speculative bids. This is a Gujarat based company into Housing and Infrastructure developments, with least transparency. I have also recommended Soma Textile Industries Ltd today in view of the company coming out with better than expected results in the September, 2006 quarter and also due to the fall in the cotton prices. The company finished its Rs.87 Cr expansion in the early part of this year. Also the company would get cheap electricity from MSEB in this fiscal. This is an excellent stock to buy, those who have missed Pioneer Embroideries Ltd. I have placed a target of Rs.60 in 8—18 months time. The expected EPS of the company should be in the range of Rs.6—Rs.7 for FY-2006-07. PBA Infrastrucutre Ltd hit the 5th Consecutive buyer freeze today. The stock was recommended at around Rs.128 some days back. The stock witnessed a solid spurt in the past few days, from Rs 121.60 on 20 November to Rs 142.50 on 28 November on the back of winning a number of contracts. . On 28 November, PBA Infrastructure rose 2.96% to Rs 142.50 after it bagged an order for providing four laning to Aurangabad — Jalna road worth Rs 297 crore from the World Bank Project Division, Maharashtra in joint venture with Sadbhav Engineering known as Sadbhav-Prakash. The concession period of the Project is 23 Years and 6 Months. PBA Infrastructure has 49% while Sadbhav Engineering has 51% stake in the joint venture. Gravity(I) Ltd slid a little after it rose to Rs.8.76 on the back of sustained buying from the retail investors, in the early trade. The stock should get better valuations in the days to come in the view of its retail foray and a number of other initiatives. Keep accumulating the stock on all declines.

Till this report is being prepared, the US Indices are trading in the Green. Wall Street rose for a second straight session today after the government's latest gross domestic product reading showed the economy was in better shape than expected, easing concerns that growth was moderating too sharply.The US market appears to be in a consolidation phase after its big rally the past two months. The fact that it has rebounded rather than extending Monday's plunge, when the Dow Jones industrials fell 158 points, indicates that many investors want to keep buying although they're watching closely for any signs of economic trouble. "There is still negative news out there, outside of the GDP numbers, and I don't know what is going to shock this market," said Alexander Paris, president of Chicago-based Barrington Research. "Investors are really looking over the valley right now, and all this data is going to test that conviction." In midday trading, the Dow rose 84.44, or 0.70 percent, to 12,220.89. The Dow rose 14.74 Tuesday. Broader stock indicators also advanced. The Standard & Poor's 500 index was up 11.11, or 0.80 percent, at 1,397.83, and the Nasdaq composite index added 19.11, or 0.79 percent, to 2,431.72. [With Inputs from the Internet] More in the following postings..... Best Regards, Suman Mukherjee India. www.pkblogs.com/sumanspeaks http://finance.groups.yahoo.com/group/SumanSpeaks/

WINNING STROKES: THINK DIFFERENT

My recommended IRB Infrastructure Ltd moved up to Rs.126.40, before closing at Rs.125.60. The company came out with superb set of numbers for the Q1FY12. Join my Paid Service or my recommended Brokerage house to get a direction in the markets. Those who are joining the brokerage house with Rs.2 lakhs now, the Paid Subscription is free for them for 2 years. Those who have filled the form and is waiting for the Opening of the Equity and Commodity trading accounts, are requested to make arrangement for the funds in between, so that we can start immediately. Those whose accounts have opened are suggested to deposit the funds at the earliest.Thanks to all, for your overwhelming response.

I have my taken position in Anant Raj Industries Ltd at Rs.48. I am expecting the scrip to cross Rs.56 in the next few trading sessions. If the RBI goes for a rate cut (which is most likely) tomorrow, to give a boost to the economy, then most of the real estate scrips will shoot. Rising interest rates had been a cause for concern in many households servicing existing loans or planning to borrow money. I however, do not think that there is any chance of a CRR cut. The CRR or Cash Reserve Ratio is the proportion of funds that banks require to deposit.

Vijay Shathi Builders Ltd, one of my strongly recommended counters, touched Rs.19.43, before closing at Rs.18.93, up more than 4% from yesterdays' close. The stock is expected to give superb returns in the next few weeks.
Now start accumulating Prakash Industries Ltd at around Rs.59-60, for a target of Rs.72. The Q1FY13, results of the company according to my sources are expected to be good.  The BOD have recommended a dividend @ 10% i.e. Re.1 per equity share of face value of Rs.10 each.

WINNING STROKES: THINK DIFFERENT

The Chart of Allied Digital Services Ltd

IFCI Ltd, today shot up to Rs.35.10, before cooling down a  bit. The scrip is now heading towards Rs.52-54 ranges in the coming days---I have raised the target price, following the new developments in the company, some of which has  been discussed in this blog, a couple of days back. 

Today GATI Ltd hit the buyer freeze in the mid afternoon trade. The stock was also recommended today morning to the Paid Group members and then also to the Free Yahoo Group SumanSpeaks.  It is one of the finest companies in the transportation space.

Today Prakash Industries Ltd shot up to Rs.56.90 before cooling at Rs.56.50. The stock was recommended yesterday at Rs.53-54, after the company came out with superb set of numbers for the Q3FY12.  It is a pity that this stock which used to trade above Rs.200 and used to get recommended repeatedly by eminent brokerage houses at a much higher price, is now trading at around Rs.55-56. The stock is expected to move to Rs.62-65-69 in the coming days.
Today Bartronics Ltd shot up to Rs.43.05 before cooling down a  bit. The company  has virtual monopoly in its area of business. It has four subsidiary companies viz., Bartronics America  Inc, Bartronics Asia Pte Limited, ROI Public Relations Private Limited and Bartronics Middle East FZE and three step down subsidiary companies viz., Quality-E- People, Inc., Performica Software Private  Limited and Bartronics Hong Kong Limited. The Company continues to see strong growth traction across existing business and expects the momentum to continue in future also. This stock is expected to give bumper returns going forward--mark my words.

Today Allied Digital Services Ltd touched Rs.28.40 before cooling down a bit. Also, a great news came from the company, in the form of appointment of Mr.Paresh Shah (Not the Bollywood comedy man, Paresh Rawal Bhai--dhyan rakhna....Lol) as the new CEO of the company. This is another step towards the massive restructuring that the company is carrying out from the top to bottom. According to my close sources, who refused to be identified, Mr. Paresh Shah is a  no nonsense man and is a task-master. I think from today, some of the brokerage houses might point their compasses, towards this company. Mr. Paresh Shah has an extensive experience in Business Transformation, Enterprise Solutions Architecture and Total Outsourcing Solutions. His career experience in IT, spans over 24 years and in diverse technologies and industries such as telecom, Banking, Retail, etc. Prior to joining of Allied Digital Services Ltd Mr. Paresh Shah, acted as  Global Practice Head, Enterprise Technologies for Wipro. Mr.Paresh Shah was instrumental in developing business models and solutions architectures for technology transformation at Wipro. Other leading positions that he held at Wipro were Chief Solutions Architect and Division head for innovations. Hence, his elevation to the post of CEO, could bring in new technologies and as well take the company into the next stage of growth. This is a welcome decision, after the current CEO's dismal performance, during the last few months. I think, any time from now, the shares of the company could move above Rs.30--keep an eye on the counter.  Now the Q3FY12, results of the company does not matter much, as we now have a new driver (a seasoned one) who could propel the company to the new groove.The company is already doing buy back of its shares from the open market. 
Rallis India Ltd was recommended to the Paid Service members at Rs.136, T--Rs.147-148, SL--Rs.125 (exit). The scrip rose upto Rs.141.90 intra-day. MMTC was also recommended today at Rs.900, T-Rs.1000, SL--Rs.845 (exit)--the scrip rose to Rs.922. Those who have not sold the scrips can continue holding.

WINNING STROKES: THINK DIFFERENT

Jai Balaji Industries Ltd hit another buyer freeze in the opening trade, after lot of positive developments took place in the company. I have placed a report on the company at: www.sumanspeaksplus.blogspot.com. 

Nutech India Ltd which was recommended last week, came down today, after some repeated circuits in the BSE. Today, most of the Paid Members, were asked to exit the counter, after getting good return on their investments--the stock hit the lower circuits. Therefore, join the Paid Service, to get the buy and sell triggers. 

Allied Digital Services Ltd which was recommended last week around Rs.20.50-21, hit the 20% upper circuits today. Congratulations to all those who bought the scrip on my suggestions. It seems bad days are over, for the company with  Q4FY12. We can now look forward for better days ahead.

Today, Paid Service members were asked to accumulate Prakash Industries Ltd at Rs.45. The stock is expected to cross Rs.52-53, in the coming days, as the steel price firms up. The performance of the integrated steel plant of the company, with capacities for Sponge Iron, Steel Melting, Wire Rods, TMT Bars. structural, Ferro Alloys and Power Generation  should improve in the coming days, as the steel cycle starts tracking higher trajectory. Moreover, to mitigate the cyclic impact of the steel industry, the company is setting up 625 MW power plant in a phased manner. The 1st phase of 125 MW is under advance stage of implementation and is expected to be completely operational by Q2FY13 or earlier. The company is also planning to expand its steel capacity in the coming days, for achieving, higher level of integration. It is also integrating backwards to ensure constant supply of raw materials by getting into captive iron ore mining. All of this, along with the capacity addition in the sponge iron and power generation are expected to improve upon the operating margins of the company in the coming days. Invest in bulk and keep holding. CMP: Rs.44.60. 
Now Join my Brokerage house and get lifetime Subscription to the Paid Service, free from the 8th year of joining. The brokerage is at par with ICICI Securities Ltd, and hence those who are trading with them can safely migrate here. The price of Paid Package will be further hiked from 1st October, 2012 and hence please available of the current package at the earliest. For joining my profit sharing arrangement, through my brokerage house, the minimum capital required would be only Rs.2 lakhs (for others it is Rs.5 lakhs).

Market Mantra

SUZLON ENERGY is planning to raise $300 mln-$500 mln through an overseas bond issue to repay debt. The stock is one way up today............Cheers!! Today it touched Rs.23.15. Now  buy State Bank of India Ltd at Rs.2142-2155, T--Rs.2180-2200 SL-Rs.2134

Market continued to trade within a range yesterday. Nifty made an intraday low of 5196 and a high of 5216 in Saturday’s special trading session. However, the undertone was positive and Nifty closed at the high of the day with a net gain of 19 odd points. Market is moving extremely range bound within a small range of 75 points between 5160-5225 since last five trading sessions. It appears that the market waiting for a trigger. In such a scenario, it may continue to be volatile and unpredictable within this range unless breaks either side. However, till the mid-afternoon the Nifty is trading with a positive bias today and is trying hard to break the stiff resistance at 5270---5295 range. I think with virtually no marked negative news, Nifty could amble past this range comfortably during the next few trading sessions. In case of Nifty Futures, please put a SL of Rs.5260 and keep holding. There could be another round of Quantitative easing in the US and this is expected to bring a massive rally in the metals and other commodity counters once again. Today, I received lot of recommendations to buy Copper. 
Hindalco Industries Ltd today moved to Rs.21.90 before cooling down a bit.  The stock should trade much higher in the coming days. 
Jai Prakash Industries Ltd recommended some days back to the Paid members around Rs.72, today touched Rs.74.75. The next target for the scrip is Rs.77--82. However, those who have bought earlier can book some profits in the counter.

Sanguine Media Ltd hits the 7th consecutive buyer freeze in the opening  trade. According to my unconfirmed sources, the company is taking lot of measures to change the business model. It has also removed most of the earlier staffs in the office.

WINNING STROKES: THINK DIFFERENT

Yesterday, was another good day for Premium Members, as Shilpi Cable Technologies Ltd was recommended a buy before the market opening. The stock came down to Rs.16.55 giving ample opportunities to the Paid Members to enter. The scrip at the end of the day again hit the Upper Circuits at Rs.17.85, much to the joy of the Paid Members. What is the Buzz in the scrip? Join the Premium Group or trade through www.bmawc.com with a minimum portfolio size of Rs.1 (one) lakh and get 24x7 assistance, through Whatsapp, E-mail and even through Cell, in emergency situations. 

After my sell call on Unitech Ltd at around Rs.7.40, the stock could never cross Rs.8. Yesterday the scrip closed at Rs.6.30 in the NSE. Similar is the case with Future Enterprises Ltd, after my sell call around Rs.54-55 - it was never been able to close above this range. The stock of Future Enterprises Ltd closed at Rs.50.35 in the NSE yesterday. Gone are the days, when every Tom, Dick, Harry could make money from the stock, at ease. The market at present has become so competitive, that even the experts sometimes make huge losses. If a new comer or a non-professional wants to make money from the share market on a consistent basis, then the guidance of a "Market Guru" or a Veteran in the trade is very  essential. See, even a "Road Sweeper" or a Scavenger Sing Songs and Kishore Kumar Ganguly also sang or Dr.Arko Pravo Mukherjee also does playback -- there is a difference isn't it? Fluke does not work, all the time!!

Energy Development Company Ltd, an Amar Singh and Jaya Prada, enterprise closed at Rs.22.25 (near the day's low) yesterday, after hitting an intra-day high of Rs.23.85. Where is the stock heading?

Reliance Naval and Engineering Ltd, though approved the Rights issue, but the company did not come up with good set of numbers for the September, 2017 quarter, as the sales fell while the interest cost shot up. You exit the scrip at around Rs.53 and enter HDIL at the CMP of Rs.55.65. HDIL is likely to give a close above Rs.57.50 soon. HDIL has one of the highest land banks among the Mumbai based real estate companies. 

The Scam tainted and BJP linked (If I remember correctly: Arun Jaitley was once its lawyer) Prakash Industries Ltd yesterday touched Rs.140.40, before closing at Rs.138.60. The stock is likely to face stiff resistance around Rs.142-143 -- so book complete profits. If you remember, I had recommended this stock several times from Rs.42 onwards. 

The traders can accumulate Gitanjali Gems Ltd (Rs.69.85) during intra-day dips for targets of Rs.75-77. It is a no-brainer that most of the Jewelry stocks rises before the Deepawali. Keep a SL  of Rs.66.

The Nifty  spot closed at 10,167.45 and was trading at a P/E of 26.41 on 13 October, 2017, much higher than the new normal of 19. Therefore, I expect correction at any time or the moment the stock of Reliance Industries Ltd (Rs.877.35) stops jacking up the indices.  This unusual phenomenon happened during 2005-2008 period also -- so nothing new. The Reliance Group is known for such outlandish movements, since the time of Dhirubhai Ambai, who was more of a stock market punter than a hardcore businessman. When RIL starts to give such unusual movement, it generally indicates the end of the current trend. So, be careful and don't take too deep long positions in the future market. Stay Light -- Stay Tight with your SLs.

WINNING STROKES: THINK DIFFERENT

Southern Online Bio Tech Ltd  hits another buyer freeze today. The market cap of the company is still very low and is placed at Rs.16.68 Cr, which is even less than Q2FY13 revenues, forget about the whole year. For the whole year, FY12, the total revenues is Rs.91.51 Cr which is more than 5 times the current market cap of the company. With the interest rate coming down, the company is expected to retire its high cost debts with the low cost ones. So, overall, we have a positive stance on the company, which is into making of bio--diesel. 

Suzlon Energy Ltd, as expected moved up and closed near its day high. On the last Friday, I, asked all to accumulate the scrip, and those who have done that on that day and today in the early hours, must be sitting up with huge gains. If you still do not know how to play a turnaround story, after making money in Ennore Coke Ltd, then God help you. These are blue chips stocks and whenever one gets the opportunity, they should accumulate then for short term targets.
With the interest rate coming down in the near future, the time has come to think of the companies who are making building materials, eg, those from the Steel, Cement, Glass, Sanitary Ware, Plastics (Doors and Buckets), Plywood, etc. With Ashapura Minechem hitting buyer freeze today, and OMDC, showing good movement, I am hopeful that soon, Jai Balaji Industries Ltd, will cross Rs.42 and Prakash Industries Ltd crossing Rs.57. 
I have recommended two stocks from the IT space (as the space has suddenly turned bullish) and have a good news on another one, join my Paid Service, or my Brokerage House, to get to know, which are those scrips and what to do with my other recommended counters. That markets would move up today, has been  predicted by me yesterday, in Facebook, in response to a report in Hindu Businessline. You can still find the report on my profile. 

WINNING STROKES: THINK DIFFERENT

Southern Online Bio Tech Ltd hit another buyer freeze today, at Rs.2.90, in the opening trade. Today it went up with good volumes, which means lot of persons (investors/traders) are entering the counter. Now, it is pertinent to mention here that, the price of  bio-diesel is kept artificially low in India--price of bio-diesel is almost half of the subsidised fossil, diesel. Hence, there are ample chance that this price is expected to increase, in the coming days; especially after Mr.Kishor Goswami and Hari Kanta Choudhury of the Department of Humanities and Social Sciences, Indian Institute of Technology, Kharagpur, appealed to the Government to think seriously in favour of raising the market price of jatropha for sustainability of the industry in the North East region. The price of Jatropha cannot increase  unless the price of Bio--diesel increases and hence, the government might now seriously think of increasing the price of Bio--diesel in India. This augurs well for the company. Moreover, the Mysore City Corporation (MCC) has started using biodiesel, an eco-friendly fuel, for running some of its vehicles. The Biofuel Information and Demonstration Centre, set up by the Karnataka State Biofuel Board with the support of National Institute of Engineering (NIE) on the NIE campus, will provide biodiesel to the corporation. CLICK HERE. Though biodiesel fades in comparison to the performance of gasoline, western countries are increasingly choosing the fuel. In these days, when crude trades over $80 a barrel, biodiesel is economical. Secondly, in the US, the states like California have already begun incentivising use of alternative fuels that are low in carbon emission. Biodiesel, an equivalent to crude derived diesel, is processed from biological sources. Southern Online Bio Tech Ltd generally makes its biodiesel from Jatropha plant with overseas technology. The plant derived biodiesel can be used in normal diesel engine vehicles without modifying them. Biodiesel produces between 40-60% lesser carbon dioxide emission but emits more smog forming residues. Vehicle manufacturers in Europe, who were initially vary of biodiesel, are now more willing. European auto makers like Scania now say that their vehicles can run on 100% biodiesel. 

A scrip in the realty and infrastructure space was recommended to the Paid Service members today. The scrip hit the buyer freeze before coming down a bit when the market cracked in the  late hours. The price of the scrip is Rs.24.95 and FY12, EPS is Rs.8.38 (standalone). What is the name of the scrip?

Southern Ispat and Power Ltd hit another buyer freeze on the opening trade. I think another two mining stories, Jai Balaji Industries Ltd (CMP: Rs.36.30) and Prakash Industries Ltd (CMP: Rs.47.95) will soon pick up steam. 

SEL Manufacturing Company Ltd moved to Rs.4.79 today before cooling a bit. The textile sector will move from the next month.
My recommended Tata Steel Ltd today touched Rs.436, before cooling down a bit. If  you remember the scrip was recommended around Rs.378, with a price target of Rs.397 and Rs.425, which has long been achieved. On the other hand SAIL touched my first target of Rs.91 today. This scrip was also recommended around Rs.81-82.

WINNING STROKES: THINK DIFFERENT

Morning BUY call on Nifty was a read money spinner as the Nifty moved from around 5098 to close at 5165. Those Paid Members and Free Members (in Yahoo Group--SumanSpeaks) who made money in my call, are congratulated. Join the Paid Service, or join my brokerage house and make money. Play in the Nifty futures and make money everyday or carry your position for days, by only paying interested of 1.5% per month. NO SELLING OF YOUR MARGIN POSITIONS/HOLDINGS BY THE BROKERAGE HOUSE (this is a new scheme). The brokerage is at par with www.icicisecurities.com. The subscription to the Paid Service is set to increase further from the 1st November, 2012.  Those who will enroll now with get 30% discount on two years, subscription amount (Rs.7000x2 minus 30%= Rs.9800). Those who will enroll in my brokerage house will get further discounts on my subscription (Minimum investment: Rs.2 lakhs). 

My free call on Suzlon Ltd also did well. The stock moved up by more than 1.7% in the Futures market to close near the days high, indicating that the bulls have started to enter the scrip in bulk. Of the total shares trade almost  one third (1/3 rd) was through delivery based trading. The company has done lot of restructuring of its operations during the last few quarters and it is only time that the scrip would move up. My immediate target for the scrip is Rs.22 and after the clearance of the FCCB issue the scrip could race past Rs.27--29 mark in the coming days. 

My free call on Voltas Ltd moved to Rs.103.85 before closing near the days high, indicating the strength of the upmove. The next target for the scrip seems to be Rs.110-112. The company came up with superb set of numbers  for the Q4FY12. 

One should keep accumulating Prakash Industries Ltd after a consistant performance from the company during the last few quarters. Its Q4FY12 results were also good. The scrip of the company which has mines is trading at some ridiculous valuations. I am looking for a target of Rs.62--63 in the next few trading sessions.  

My recommended Lanco Infratech Ltd moved above Rs.14, once again---this scrip was repeatedly recommended in this blog from the price around Rs.13 to way below around Rs.11.60. I think most of you have made some profits on the scrip. 

Today my recommended Sintex Industries Ltd around Rs.55, closed above Rs.60. Those who have taken the scrip at lower levels should book some profits.