Stocks

Day trading: 27th Nov 2009

SBI

Posted by : mindnmoney
Price when posted : BSE: Rs 2252.95 ( -3.01 % ), NSE: Rs. 2254.65 ( -2.90 % )

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500112 : STATE BANK [ BEARISH BELOW 2302.53 ]
----------------------------
LAST TRADING ON 26 November 2009 BEHAVIOUR WAS: BR
[ XX: EXTENDED, RVTO: REVERSE TO, NT: NEUTRAL, BL: BULLISH, BR: BEARISH ]

TODAY AVERAGE RANGE:
LITTLE BEARISH TRADING AVERAGE: 2209.79 - 2257.94
BEARISH TRADING AVERAGE BELOW: 2209.79
NEUTRAL TRADING AVERAGE: 2257.94 - 2306.10
LITTLE BULLISH TRADING AVERAGE: 2306.10 - 2354.25
BULLISH TRADING AVERAGE ABOVE: 2354.25

# AVERAGE HIGH - LOW DIFFERENCE: 70.50
# TODAY`s BEHAVIOR CAN BE ALMOST SAME LIKE LAST TRADING DAY, IF IT FOLLOWS AVERAGE RANGE FOR THE TREND
# ANY CHANGE IN AVERAGE PATTERN, INDICATES THAT TREND IS NO LONGER DEPENDS ON LAST TRADING DAY PATTERN AND REQUIRES YOUR ATTENTION TO REVIEW YOUR POSITIONS

DAYTRADE LEVEL for BSE ID: 500112 : STATE BANK
----------------------------
2330.00|BL -SUP| 750|H| 19| 2287.22| 2367.54| 80.32|26 Nov|0
2329.00|BR -RES| -7|H| 18| 2284.89| 2366.51| 81.62|26 Nov|0
2327.00|BL -SUP| 643|H| 19| 2280.68| 2364.49| 83.81|26 Nov|0
2326.00|BR -RES| -2590|H| 18| 2278.11| 2363.63| 85.52|26 Nov|0
2315.00|BL -SUP| 80|H| 15| 2269.62| 2362.20| 92.58|26 Nov|0
2313.00|BR -RES| -518|H| 14| 2266.38| 2360.57| 94.19|26 Nov|0
2311.00|BL -SUP| 19|H| 14| 2266.38| 2360.57| 94.19|26 Nov|0
2310.00|BR -RES| -252|H| 14| 2266.38| 2360.57| 94.19|26 Nov|0
2302.00|BL -SUP| 911|L| 12| 2259.78| 2362.05| 102.27|26 Nov|0
2300.00|BR -RES| -167|H| 12| 2259.78| 2362.05| 102.27|26 Nov|0
2296.00|BL -SUP| 750|H| 11| 2245.72| 2357.60| 111.88|26 Nov|0
2295.00|BR -RES| -36|H| 11| 2245.72| 2357.60| 111.88|26 Nov|0
2294.00|BL -SUP| 36|H| 10| 2240.79| 2355.97| 115.18|26 Nov|0
2293.00|BR -RES| -682|H| 10| 2240.79| 2355.97| 115.18|26 Nov|0
2287.00|BL -SUP| 190|L| 11| 2235.26| 2349.88| 114.62|26 Nov|0
2286.00|BR -RES| -34|H| 11| 2235.26| 2349.88| 114.62|26 Nov|0
2278.00|BL -SUP| 461|H| 10| 2230.89| 2350.93| 120.04|26 Nov|0
2277.00|BR -RES| -6|H| 10| 2230.89| 2350.93| 120.04|26 Nov|0
2266.00|BL -SUP| 62|H| 8| 2220.36| 2346.29| 125.93|26 Nov|0
2265.00|BR -RES| -1518|H| 7| 2213.96| 2324.33| 110.37|26 Nov|0
2244.00|BL -SUP| 6|L| 6| 2206.10| 2322.97| 116.87|26 Nov|0
2243.00|BR -RES| -48|H| 6| 2206.10| 2322.97| 116.87|26 Nov|0
2240.00|BL -SUP| 96|H| 4| 2187.90| 2313.80| 125.90|09 Nov|17
2239.00|BR -RES| -40|H| 4| 2187.90| 2313.80| 125.90|09 Nov|17
2235.00|BL -SUP| 770|H| 5| 2167.90| 2298.04| 130.14|09 Nov|17
2234.00|BR -RES| -52|H| 6| 2159.60| 2287.50| 127.90|09 Nov|17
2229.00|BL -SUP| 1572|H| 7| 2161.10| 2279.36| 118.26|09 Nov|17
2228.00|BR -RES| -40|L| 7| 2161.10| 2279.36| 118.26|09 Nov|17
2227.00|BL -SUP| 21|H| 7| 2161.10| 2279.36| 118.26|09 Nov|17
2225.00|BR -RES| -184|L| 8| 2160.34| 2272.56| 112.22|09 Nov|17
2209.00|BL -SUP| 255|L| 9| 2159.45| 2267.17| 107.72|09 Nov|17
2206.00|BR -RES| -60|H| 9| 2159.45| 2267.17| 107.72|09 Nov|17
2205.00|BL -SUP| 12|H| 9| 2159.45| 2267.17| 107.72|09 Nov|17
2204.00|BR -RES| -87|H| 8| 2153.76| 2259.56| 105.80|06 Nov|20
2203.00|BL -SUP| 22|L| 8| 2153.76| 2259.56| 105.80|06 Nov|20
2201.00|BR -RES| -8|L| 8| 2153.76| 2259.56| 105.80|06 Nov|20
2199.00|BL -SUP| 81|L| 9| 2149.23| 2252.83| 103.60|06 Nov|20
2198.00|BR -RES| -56|L| 10| 2143.41| 2247.40| 103.99|06 Nov|20
2197.00|BL -SUP| 810|H| 10| 2143.41| 2247.40| 103.99|06 Nov|20
2196.00|BR -RES| -18|L| 10| 2143.41| 2247.40| 103.99|06 Nov|20
2190.00|BL -SUP| 59|L| 11| 2142.20| 2242.64| 100.44|06 Nov|20
2189.00|BR -RES| -77|L| 11| 2142.20| 2242.64| 100.44|06 Nov|20
2178.00|BL -SUP| 302|L| 12| 2116.65| 2207.46| 90.81|06 Nov|20
2174.00|BR -RES| -127|L| 13| 2112.22| 2204.97| 92.75|06 Nov|20
2170.00|BL -SUP| 1068|H| 14| 2109.59| 2198.53| 88.94|06 Nov|20
2169.00|BR -RES| -7|L| 14| 2109.59| 2198.53| 88.94|06 Nov|20


40-0 Days Trading Average: 500112
AVERAGE 40 dayavg--------------------Lasttradingavg
2320.75 : _____________________*****______________
2315.30 : __________________________******___***__
2309.85 : ____________________*___________*_*_____
2304.40 : _________________________________*_____*
2298.95 : *__________________*____________________
2293.49 : ________________________________________
2288.04 : _***______________*_____________________
2282.59 : ____*_________****______________________
2277.14 : _____**_____**__________________________
2271.69 : _______*****____________________________

Best Wishes
MINDNMONEY

HOW TO READ DATA?

GOOGLE KEYWORD:
TIPSONHAND or
A DISCOVERY FROM MIND TO MONEY
...

DayTrading: 27th Nov 2009

DLF

Posted by : mindnmoney
Price when posted : BSE: Rs 354.25 ( -2.18 % ), NSE: Rs. 354.30 ( -1.83 % )

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532868 : DLF LIMITED [ NEUTRAL TO BEARISH BELOW 363.37 ]
----------------------------
LAST TRADING ON 26 November 2009 BEHAVIOUR WAS: XXNTTOBR
[ XX: EXTENDED, RVTO: REVERSE TO, NT: NEUTRAL, BL: BULLISH, BR: BEARISH ]

TODAY AVERAGE RANGE:
LITTLE BEARISH TRADING AVERAGE: 342.07 - 353.53
BEARISH TRADING AVERAGE BELOW: 342.07
NEUTRAL TRADING AVERAGE: 353.53 - 364.99
LITTLE BULLISH TRADING AVERAGE: 364.99 - 376.45
BULLISH TRADING AVERAGE ABOVE: 376.45

# AVERAGE HIGH - LOW DIFFERENCE: 13.79
# TODAY`s BEHAVIOR CAN BE ALMOST SAME LIKE LAST TRADING DAY, IF IT FOLLOWS AVERAGE RANGE FOR THE TREND
# ANY CHANGE IN AVERAGE PATTERN, INDICATES THAT TREND IS NO LONGER DEPENDS ON LAST TRADING DAY PATTERN AND REQUIRES YOUR ATTENTION TO REVIEW YOUR POSITIONS

DAYTRADE LEVEL for BSE ID: 532868 : DLF LIMITED
----------------------------
370.25|BL -SUP| 88|L| 26| 357.07| 385.34| 28.27|25 Nov|1
369.25|BR -RES| -17|L| 25| 356.55| 385.25| 28.70|25 Nov|1
365.25|BL -SUP| 1036|L| 22| 349.13| 380.07| 30.94|26 Nov|0
363.75|BR -RES| -32|L| 23| 348.80| 379.37| 30.57|26 Nov|0
362.25|BL -SUP| 13|L| 22| 346.59| 378.57| 31.98|26 Nov|0
361.25|BR -RES| -229|L| 22| 346.59| 378.57| 31.98|26 Nov|0
353.75|BL -SUP| 891|L| 20| 337.68| 371.68| 34.00|26 Nov|0
353.25|BR -RES| -156|L| 20| 337.68| 371.68| 34.00|26 Nov|0
351.25|BL -SUP| 81|L| 19| 336.92| 371.98| 35.06|05 Nov|21
350.25|BR -RES| -55|L| 19| 335.62| 370.66| 35.04|05 Nov|21
343.75|BL -SUP| 585|L| 16| 329.31| 363.40| 34.09|04 Nov|22
343.25|BR -RES| -130|L| 16| 329.31| 363.40| 34.09|04 Nov|22
338.25|BL -SUP| 171|L| 15| 322.57| 356.79| 34.22|03 Nov|23
336.75|BR -RES| -27|L| 16| 320.90| 353.73| 32.83|03 Nov|23
336.50|BL -SUP| 256|L| 16| 320.90| 353.73| 32.83|03 Nov|23
336.25|BR -RES| -144|L| 16| 320.90| 353.73| 32.83|03 Nov|23
335.75|BL -SUP| 65|L| 16| 320.90| 353.73| 32.83|03 Nov|23
334.75|BR -RES| -37|L| 16| 320.90| 353.73| 32.83|03 Nov|23


40-0 Days Trading Average: 532868
AVERAGE 40 dayavg--------------------Lasttradingavg
392.82 : ****____________________________________
389.72 : ____*___________________________________
386.62 : _____*__________________________________
383.52 : ______*_________________________________
380.42 : ________________________________________
377.32 : _______****_____________________________
374.22 : ___________**_____*********_***_________
371.12 : _____________*****_________*___**_______
368.02 : _________________________________*****__
364.92 : _______________________________________*



Best Wishes
MINDNMONEY

HOW TO READ DATA?

GOOGLE KEYWORD:
TIPSONHAND or
A DISCOVERY FROM MIND TO MONEY

...

DayTrading: 27th Nov 2009

Tata Steel

Posted by : mindnmoney
Price when posted : BSE: Rs 543.45 ( -3.34 % ), NSE: Rs. 543.70 ( -3.45 % )

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500470 : TATA STEEL [ BEARISH BELOW 554.29 ]
----------------------------
LAST TRADING ON 26 November 2009 BEHAVIOUR WAS: BR
[ XX: EXTENDED, RVTO: REVERSE TO, NT: NEUTRAL, BL: BULLISH, BR: BEARISH ]

TODAY AVERAGE RANGE:
LITTLE BEARISH TRADING AVERAGE: 509.27 - 532.44
BEARISH TRADING AVERAGE BELOW: 509.27
NEUTRAL TRADING AVERAGE: 532.44 - 555.62
LITTLE BULLISH TRADING AVERAGE: 555.62 - 578.79
BULLISH TRADING AVERAGE ABOVE: 578.79

# AVERAGE HIGH - LOW DIFFERENCE: 29.53
# TODAY`s BEHAVIOR CAN BE ALMOST SAME LIKE LAST TRADING DAY, IF IT FOLLOWS AVERAGE RANGE FOR THE TREND
# ANY CHANGE IN AVERAGE PATTERN, INDICATES THAT TREND IS NO LONGER DEPENDS ON LAST TRADING DAY PATTERN AND REQUIRES YOUR ATTENTION TO REVIEW YOUR POSITIONS

DAYTRADE LEVEL for BSE ID: 500470 : TATA STEEL
----------------------------
563.25|BL -SUP| 294|H| 8| 550.97| 577.53| 26.56|26 Nov|0
562.25|BR -RES| -36|H| 7| 549.31| 578.18| 28.87|26 Nov|0
559.75|BL -SUP| 32|H| 6| 547.50| 574.54| 27.04|26 Nov|0
559.25|BR -RES| -273|H| 6| 547.50| 574.54| 27.04|26 Nov|0
550.25|BL -SUP| 1012|H| 10| 532.24| 562.15| 29.91|26 Nov|0
549.25|BR -RES| -18|H| 9| 528.31| 557.58| 29.27|26 Nov|0
543.25|BL -SUP| 548|H| 11| 526.30| 552.27| 25.97|26 Nov|0
542.25|BR -RES| -123|L| 12| 526.29| 551.48| 25.19|26 Nov|0
537.25|BL -SUP| 8|H| 12| 524.83| 549.98| 25.15|26 Nov|0
534.25|BR -RES| -14|H| 14| 520.68| 547.82| 27.14|26 Nov|0
533.25|BL -SUP| 429|H| 15| 520.06| 546.86| 26.80|26 Nov|0
532.25|BR -RES| -722|H| 14| 519.16| 546.28| 27.12|26 Nov|0
530.25|BL -SUP| 13|H| 13| 517.20| 544.99| 27.79|26 Nov|0
529.25|BR -RES| -315|H| 13| 517.20| 544.99| 27.79|26 Nov|0
526.25|BL -SUP| 36|H| 13| 511.01| 536.52| 25.51|20 Nov|6
525.25|BR -RES| -120|L| 12| 509.75| 536.00| 26.25|20 Nov|6


40-0 Days Trading Average: 500470
AVERAGE 40 dayavg--------------------Lasttradingavg
557.37 : __________________________________****__
552.96 : ________________________________**_____*
548.56 : ____________________________****________
544.15 : __________________________**____________
539.75 : ________________________**______________
535.34 : ____________________****________________
530.93 : ___________________*____________________
526.53 : __________________*_____________________
522.12 : *****_________****______________________
517.72 : _____*********__________________________



Best Wishes
MINDNMONEY

HOW TO READ DATA?

GOOGLE KEYWORD:
TIPSONHAND or
A DISCOVERY FROM MIND TO MONEY...

Management will annouce results very soon

Mahindra Satyam

Posted by : raghu_tm
Price when posted : BSE: Rs 92.75 ( 2.43 % ), NSE: Rs. 92.85 ( 2.31 % )

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Thanks Pitquote,My 20% in LMW came within 1 month.(Recall my message my target was 1 year)...

In reply to:

Management will annouce results very soon

Posted by : pitquote

VARNER (just to highlight- i am in caps now)

INSIDE AND UN RELIABLE SOURCES SAY:

NOMURA IS ACTING AS A BENAMI FOR LARSON IN HOLDING THEIR SHARES IN NOMURA ACCOUNT.

A CLEAR CUT UNDERSTANDING BETWEEN NOMURA AND LARSON NAIK.

HOW FAR IT IS TRUE: NEEDS A REAL INSIGHT PROBE.

THIS IS ONLY HEARD ON THE STREET- PLEASE DO NOT TRUST THE TRUST WORTHINESS OF THIS RUMOUR.

CHEERS VARNER- SATYAM IS IN GREAT GUNS- NO DOUBT ABOUT IT- IT CAN TAKE ANY BEATING FROM NOW ON AND MARCH AHEAD WITH ALL THE PITFALLS AND GAINS.

IT IS UP TO THE INVESTORS TO RIDE THE WAVE TO REACH THE DESTINATION SAFELY

Management will annouce results very soon

Mahindra Satyam

Posted by : raghu_tm
Price when posted : BSE: Rs 92.75 ( 2.43 % ), NSE: Rs. 92.85 ( 2.31 % )

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Pitquote,

Are they holding for Larsen or Mahindras...

In reply to:

Management will annouce results very soon

Posted by : pitquote

VARNER (just to highlight- i am in caps now)

INSIDE AND UN RELIABLE SOURCES SAY:

NOMURA IS ACTING AS A BENAMI FOR LARSON IN HOLDING THEIR SHARES IN NOMURA ACCOUNT.

A CLEAR CUT UNDERSTANDING BETWEEN NOMURA AND LARSON NAIK.

HOW FAR IT IS TRUE: NEEDS A REAL INSIGHT PROBE.

THIS IS ONLY HEARD ON THE STREET- PLEASE DO NOT TRUST THE TRUST WORTHINESS OF THIS RUMOUR.

CHEERS VARNER- SATYAM IS IN GREAT GUNS- NO DOUBT ABOUT IT- IT CAN TAKE ANY BEATING FROM NOW ON AND MARCH AHEAD WITH ALL THE PITFALLS AND GAINS.

IT IS UP TO THE INVESTORS TO RIDE THE WAVE TO REACH THE DESTINATION SAFELY

Accumulate

Dhampur Sugar

Posted by : uri27
Price when posted : BSE: Rs 133.10 ( -1.04 % ), NSE: Rs. 133.65 ( -0.60 % )

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So Can I buy at current level...

In reply to:

Accumulate

Posted by : eqhunt

when this dispute will settle..?? any time frame/period..??
the stock has gone down by almost 10%!!!
whether to hold r sale??

Amtek group merger?

Amtek Auto

Posted by : goldentip
Price when posted : BSE: Rs 188.10 ( -2.79 % ), NSE: Rs. 189.25 ( -1.66 % )

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Any progress on the merger front? No news is making me a bit jittery....

Management will annouce results very soon

Mahindra Satyam

Posted by : pitquote
Price when posted : BSE: Rs 92.75 ( 2.43 % ), NSE: Rs. 92.85 ( 2.31 % )

View full thread (11 messages)

Tracked by: 0 Boarder

VARNER (just to highlight- i am in caps now)

INSIDE AND UN RELIABLE SOURCES SAY:

NOMURA IS ACTING AS A BENAMI FOR LARSON IN HOLDING THEIR SHARES IN NOMURA ACCOUNT.

A CLEAR CUT UNDERSTANDING BETWEEN NOMURA AND LARSON NAIK.

HOW FAR IT IS TRUE: NEEDS A REAL INSIGHT PROBE.

THIS IS ONLY HEARD ON THE STREET- PLEASE DO NOT TRUST THE TRUST WORTHINESS OF THIS RUMOUR.

CHEERS VARNER- SATYAM IS IN GREAT GUNS- NO DOUBT ABOUT IT- IT CAN TAKE ANY BEATING FROM NOW ON AND MARCH AHEAD WITH ALL THE PITFALLS AND GAINS.

IT IS UP TO THE INVESTORS TO RIDE THE WAVE TO REACH THE DESTINATION SAFELY...

In reply to:

Management will annouce results very soon

Posted by : Varner

Its strength can be evaluated from the way it has been able to sustain the bruns of the market today - has remained in GREEN in such a tremendous downward market.

SUGAR NEWS

Shree Renuka

Posted by : abhaytiw
Price when posted : BSE: Rs 227.05 ( -2.37 % ), NSE: Rs. 226.00 ( -2.67 % )

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South farmers bitter over cane pricing
Political Bureau,The Economic Times, 26th Nov, 2009
NEW DELHI: The dispute over the Centre’s new sugarcane pricing policy lingered on Wednesday with southern states continuing to be apprehensive about doing away with a provision in the sugar order that requires mills to share profits with farmers.
Food and agriculture minister Sharad Pawar will meet farmers’ representatives from the south on Thursday in a bid to convince them about the government’s move to eliminate clause 5 (A) of the Sugarcane (Control) Order that mandates mills to pay 50% extra realisation to farmers at the end of the sugar year.

Though the issue yet to be resolved, the government did manage to bring around UP and North India-centric parties, RLD, SP and BJP, to its point of view at an all-party meeting on Wednesday. Leaders of parties from Tamil Nadu (DMK, AIADMK, PMK, MDMK) Andhra Pradesh (TDP) and Karnataka (JD(S)), however, wanted the government to convince farmers’ representatives about dropping clause 5 (A), which government says will not adversely impact farmers’ earnings.
The negotiations between the government and other political parties are aimed at ensuring a smooth passage to sugarcane pricing Bill the UPA intents to bring to Parliament. The Bill will replace the government’s October 22 ordinance that had put in place a new pricing regime for sugarcane.
The government has argued that by replacing the Statutory Minimum Price (SMP) with the new Fair and Remunerative Price (FRP), it has put more money into the farmers’ hands at the beginning of the year. The FRP for 2009-10 is Rs 129.84/quintal, a 20 % jump on the SMP of Rs 107.76/quintal. Under the old system, the sugar mills would pay the advance of a mutually-agreed amount to farmers and then share profits with them at the end of the year.
However, the southern parties were not satisfied with the government’s explanation at Wednesday’s meeting. “We told the government that it would be better if they convinced the real stakeholders of their decision,” former Union minister and DMK MP TR Baalu said. AIADMK’s K Malaisamy also said that matter could be decided only after a meeting between the farmers’ representatives and the government.
Parties from UP such as RLD and SP as well as BJP, however, agreed to let 5 (A) be dropped as “FRP could not be put in place until the clause was dropped” a leader said. The source also said that in north India, the provisions of 5 (A) were in any case redundant as the sugar mill owners paid farmers a state administered price (SAP) which was always higher than the centrally-fixed price. Also, a leader said the deferred payment model only remained on paper in UP.
The government’s moves are aimed at circumventing a Supreme Court order which requires the Centre to pay up Rs 14,000-crore as arrears to the mill-owners. To this end it had introduced the FRP through the ordinance as well as added a clause 3 (B) to the sugar order diluting the SAP provision, which it subsequently withdrew, and deleted clause 5 (A). Only after the matter is fully resolved will the government be able to replace ordinance with a Bill. Mr Pawar said on Wednesday that the Bill could be expected next week.
...

SUGAR NEWS

Bajaj Hind

Posted by : abhaytiw
Price when posted : BSE: Rs 218.05 ( -2.13 % ), NSE: Rs. 218.40 ( -2.06 % )

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South farmers bitter over cane pricing
Political Bureau,The Economic Times, 26th Nov, 2009
NEW DELHI: The dispute over the Centre’s new sugarcane pricing policy lingered on Wednesday with southern states continuing to be apprehensive about doing away with a provision in the sugar order that requires mills to share profits with farmers.
Food and agriculture minister Sharad Pawar will meet farmers’ representatives from the south on Thursday in a bid to convince them about the government’s move to eliminate clause 5 (A) of the Sugarcane (Control) Order that mandates mills to pay 50% extra realisation to farmers at the end of the sugar year.

Though the issue yet to be resolved, the government did manage to bring around UP and North India-centric parties, RLD, SP and BJP, to its point of view at an all-party meeting on Wednesday. Leaders of parties from Tamil Nadu (DMK, AIADMK, PMK, MDMK) Andhra Pradesh (TDP) and Karnataka (JD(S)), however, wanted the government to convince farmers’ representatives about dropping clause 5 (A), which government says will not adversely impact farmers’ earnings.
The negotiations between the government and other political parties are aimed at ensuring a smooth passage to sugarcane pricing Bill the UPA intents to bring to Parliament. The Bill will replace the government’s October 22 ordinance that had put in place a new pricing regime for sugarcane.
The government has argued that by replacing the Statutory Minimum Price (SMP) with the new Fair and Remunerative Price (FRP), it has put more money into the farmers’ hands at the beginning of the year. The FRP for 2009-10 is Rs 129.84/quintal, a 20 % jump on the SMP of Rs 107.76/quintal. Under the old system, the sugar mills would pay the advance of a mutually-agreed amount to farmers and then share profits with them at the end of the year.
However, the southern parties were not satisfied with the government’s explanation at Wednesday’s meeting. “We told the government that it would be better if they convinced the real stakeholders of their decision,” former Union minister and DMK MP TR Baalu said. AIADMK’s K Malaisamy also said that matter could be decided only after a meeting between the farmers’ representatives and the government.
Parties from UP such as RLD and SP as well as BJP, however, agreed to let 5 (A) be dropped as “FRP could not be put in place until the clause was dropped” a leader said. The source also said that in north India, the provisions of 5 (A) were in any case redundant as the sugar mill owners paid farmers a state administered price (SAP) which was always higher than the centrally-fixed price. Also, a leader said the deferred payment model only remained on paper in UP.
The government’s moves are aimed at circumventing a Supreme Court order which requires the Centre to pay up Rs 14,000-crore as arrears to the mill-owners. To this end it had introduced the FRP through the ordinance as well as added a clause 3 (B) to the sugar order diluting the SAP provision, which it subsequently withdrew, and deleted clause 5 (A). Only after the matter is fully resolved will the government be able to replace ordinance with a Bill. Mr Pawar said on Wednesday that the Bill could be expected next week.
...

SUGAR NEWS

Balrampur Chini

Posted by : abhaytiw
Price when posted : BSE: Rs 130.40 ( -3.41 % ), NSE: Rs. 130.25 ( -3.55 % )

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South farmers bitter over cane pricing
Political Bureau,The Economic Times, 26th Nov, 2009
NEW DELHI: The dispute over the Centre’s new sugarcane pricing policy lingered on Wednesday with southern states continuing to be apprehensive about doing away with a provision in the sugar order that requires mills to share profits with farmers.
Food and agriculture minister Sharad Pawar will meet farmers’ representatives from the south on Thursday in a bid to convince them about the government’s move to eliminate clause 5 (A) of the Sugarcane (Control) Order that mandates mills to pay 50% extra realisation to farmers at the end of the sugar year.

Though the issue yet to be resolved, the government did manage to bring around UP and North India-centric parties, RLD, SP and BJP, to its point of view at an all-party meeting on Wednesday. Leaders of parties from Tamil Nadu (DMK, AIADMK, PMK, MDMK) Andhra Pradesh (TDP) and Karnataka (JD(S)), however, wanted the government to convince farmers’ representatives about dropping clause 5 (A), which government says will not adversely impact farmers’ earnings.
The negotiations between the government and other political parties are aimed at ensuring a smooth passage to sugarcane pricing Bill the UPA intents to bring to Parliament. The Bill will replace the government’s October 22 ordinance that had put in place a new pricing regime for sugarcane.
The government has argued that by replacing the Statutory Minimum Price (SMP) with the new Fair and Remunerative Price (FRP), it has put more money into the farmers’ hands at the beginning of the year. The FRP for 2009-10 is Rs 129.84/quintal, a 20 % jump on the SMP of Rs 107.76/quintal. Under the old system, the sugar mills would pay the advance of a mutually-agreed amount to farmers and then share profits with them at the end of the year.
However, the southern parties were not satisfied with the government’s explanation at Wednesday’s meeting. “We told the government that it would be better if they convinced the real stakeholders of their decision,” former Union minister and DMK MP TR Baalu said. AIADMK’s K Malaisamy also said that matter could be decided only after a meeting between the farmers’ representatives and the government.
Parties from UP such as RLD and SP as well as BJP, however, agreed to let 5 (A) be dropped as “FRP could not be put in place until the clause was dropped” a leader said. The source also said that in north India, the provisions of 5 (A) were in any case redundant as the sugar mill owners paid farmers a state administered price (SAP) which was always higher than the centrally-fixed price. Also, a leader said the deferred payment model only remained on paper in UP.
The government’s moves are aimed at circumventing a Supreme Court order which requires the Centre to pay up Rs 14,000-crore as arrears to the mill-owners. To this end it had introduced the FRP through the ordinance as well as added a clause 3 (B) to the sugar order diluting the SAP provision, which it subsequently withdrew, and deleted clause 5 (A). Only after the matter is fully resolved will the government be able to replace ordinance with a Bill. Mr Pawar said on Wednesday that the Bill could be expected next week.
...

gvk power

GVK Power

Posted by : vijay - dubai
Price when posted : BSE: Rs 50.25 ( -4.65 % ), NSE: Rs. 50.15 ( -4.84 % )

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Hello sachin...dont recommend unitech to anyone. You must have seen how telecom sector is doing with unitech starting telecom they will be playing with establish players and wipe their net value rapidly.
will start accumulating losses once telecom operation starts. so avoid unitech as a whole.
...

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gvk power

Posted by : sachinlakecity

Hi Swati.If u can hold for 3-4 month then only Go for telecom sector.I would suggest 2 u buy unitech ,satyam,GSPL.

sugar news

Bajaj Hind

Posted by : abhaytiw
Price when posted : BSE: Rs 218.05 ( -2.13 % ), NSE: Rs. 218.40 ( -2.06 % )

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Bill replacing cane pricing ordinance may be tabled next week: Pawar
Gargi Parsai, The Hindu, 26th Nov, 2009
The Government hopes to table the Bill to replace the ordinance on sugarcane pricing in Parliament next week, Union Agriculture Minister Sharad Pawar said here after chairing a meeting of major political parties.
The meeting remained inconclusive as leaders from southern States raised an objection to the removal of a provision (Section 5A) from the Sugarcane Control Order, 2009, that provided for mil-

-lers to share profits with farmers, particularly in States that used to pay the minimum statutory price for sugarcane. The Order forms a part of the proposed Bill that is to replace the ordinance.
The Government held the view that by replacing the MSP with a Fair and Remunerative Price (FRP) — through the ordinance — it had factored in “profit and risk” in the minimum cane price that would be given to farmers. This, however, did not satisfy leaders of southern parties, who will have another round of talks with Mr. Pawar and representatives of farmers’ organisations.
“On every issue, there can’t be a consensus. However, discussions are held to sort out the issues. I would convene a meeting of MPs of southern States on section 5A,” Mr. Pawar told journalists.
Bharatiya Janata Party leader Sushma Swaraj, who was present at the meeting, said the Government apprised them of the impact of the restoration of Section 5A. She added that the Centre explained that the FRP would allow for “upfront payment” to cane growers as it was the minimum fair price set by the Government. “FRP or SAP [State Advised Price] would not be linked to recovery,” Ms. Swaraj added.

CPI support for FRP
Communist Party of India leader D. Raja said the interests of farmers as well as consumers should be kept in mind, and that the process of consultation with all stakeholders should continue. His colleague Gurudas Dasgupta, who was also present at the meeting, said his party supported the system of FRP as farmers would henceforth get instant payment, while in the earlier system, there was deferred payment.
Rashtriya Lok Dal (RLD) leader Ajit Singh, for whom restoration of the SAP was the major issue, said that for States that had SAP, Section 5A was not an issue.
Speaking to The Hindu, Mr. Singh said millers in Uttar Pradesh had agreed to pay Rs.25 per quintal over and above the SAP of Rs.165-170 per quintal announced by the State government.
As a consequence, the RLD called off its chakka jaam (road-block) agitation on Thursday. Mr. Singh said his party would watch whether the millers and sugarcane samitis were satisfied with the cane price of Rs.190-195 per quintal announced by millers.
Wednesday’s meeting was attended, among others, by leaders of the Congress, BJP, RLD, CPI(M), CPI, Trinamool Congress, Samajwadi Party, Janata Dal (Secular), AIADMK, DMK and TDP.
...

sugar news

Balrampur Chini

Posted by : abhaytiw
Price when posted : BSE: Rs 130.40 ( -3.41 % ), NSE: Rs. 130.25 ( -3.55 % )

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Bill replacing cane pricing ordinance may be tabled next week: Pawar
Gargi Parsai, The Hindu, 26th Nov, 2009
The Government hopes to table the Bill to replace the ordinance on sugarcane pricing in Parliament next week, Union Agriculture Minister Sharad Pawar said here after chairing a meeting of major political parties.
The meeting remained inconclusive as leaders from southern States raised an objection to the removal of a provision (Section 5A) from the Sugarcane Control Order, 2009, that provided for mil-

-lers to share profits with farmers, particularly in States that used to pay the minimum statutory price for sugarcane. The Order forms a part of the proposed Bill that is to replace the ordinance.
The Government held the view that by replacing the MSP with a Fair and Remunerative Price (FRP) — through the ordinance — it had factored in “profit and risk” in the minimum cane price that would be given to farmers. This, however, did not satisfy leaders of southern parties, who will have another round of talks with Mr. Pawar and representatives of farmers’ organisations.
“On every issue, there can’t be a consensus. However, discussions are held to sort out the issues. I would convene a meeting of MPs of southern States on section 5A,” Mr. Pawar told journalists.
Bharatiya Janata Party leader Sushma Swaraj, who was present at the meeting, said the Government apprised them of the impact of the restoration of Section 5A. She added that the Centre explained that the FRP would allow for “upfront payment” to cane growers as it was the minimum fair price set by the Government. “FRP or SAP [State Advised Price] would not be linked to recovery,” Ms. Swaraj added.

CPI support for FRP
Communist Party of India leader D. Raja said the interests of farmers as well as consumers should be kept in mind, and that the process of consultation with all stakeholders should continue. His colleague Gurudas Dasgupta, who was also present at the meeting, said his party supported the system of FRP as farmers would henceforth get instant payment, while in the earlier system, there was deferred payment.
Rashtriya Lok Dal (RLD) leader Ajit Singh, for whom restoration of the SAP was the major issue, said that for States that had SAP, Section 5A was not an issue.
Speaking to The Hindu, Mr. Singh said millers in Uttar Pradesh had agreed to pay Rs.25 per quintal over and above the SAP of Rs.165-170 per quintal announced by the State government.
As a consequence, the RLD called off its chakka jaam (road-block) agitation on Thursday. Mr. Singh said his party would watch whether the millers and sugarcane samitis were satisfied with the cane price of Rs.190-195 per quintal announced by millers.
Wednesday’s meeting was attended, among others, by leaders of the Congress, BJP, RLD, CPI(M), CPI, Trinamool Congress, Samajwadi Party, Janata Dal (Secular), AIADMK, DMK and TDP.
...

sugar news

Shree Renuka

Posted by : abhaytiw
Price when posted : BSE: Rs 227.05 ( -2.37 % ), NSE: Rs. 226.00 ( -2.67 % )

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Bill replacing cane pricing ordinance may be tabled next week: Pawar
Gargi Parsai, The Hindu, 26th Nov, 2009
The Government hopes to table the Bill to replace the ordinance on sugarcane pricing in Parliament next week, Union Agriculture Minister Sharad Pawar said here after chairing a meeting of major political parties.
The meeting remained inconclusive as leaders from southern States raised an objection to the removal of a provision (Section 5A) from the Sugarcane Control Order, 2009, that provided for mil-

-lers to share profits with farmers, particularly in States that used to pay the minimum statutory price for sugarcane. The Order forms a part of the proposed Bill that is to replace the ordinance.
The Government held the view that by replacing the MSP with a Fair and Remunerative Price (FRP) — through the ordinance — it had factored in “profit and risk” in the minimum cane price that would be given to farmers. This, however, did not satisfy leaders of southern parties, who will have another round of talks with Mr. Pawar and representatives of farmers’ organisations.
“On every issue, there can’t be a consensus. However, discussions are held to sort out the issues. I would convene a meeting of MPs of southern States on section 5A,” Mr. Pawar told journalists.
Bharatiya Janata Party leader Sushma Swaraj, who was present at the meeting, said the Government apprised them of the impact of the restoration of Section 5A. She added that the Centre explained that the FRP would allow for “upfront payment” to cane growers as it was the minimum fair price set by the Government. “FRP or SAP [State Advised Price] would not be linked to recovery,” Ms. Swaraj added.

CPI support for FRP
Communist Party of India leader D. Raja said the interests of farmers as well as consumers should be kept in mind, and that the process of consultation with all stakeholders should continue. His colleague Gurudas Dasgupta, who was also present at the meeting, said his party supported the system of FRP as farmers would henceforth get instant payment, while in the earlier system, there was deferred payment.
Rashtriya Lok Dal (RLD) leader Ajit Singh, for whom restoration of the SAP was the major issue, said that for States that had SAP, Section 5A was not an issue.
Speaking to The Hindu, Mr. Singh said millers in Uttar Pradesh had agreed to pay Rs.25 per quintal over and above the SAP of Rs.165-170 per quintal announced by the State government.
As a consequence, the RLD called off its chakka jaam (road-block) agitation on Thursday. Mr. Singh said his party would watch whether the millers and sugarcane samitis were satisfied with the cane price of Rs.190-195 per quintal announced by millers.
Wednesday’s meeting was attended, among others, by leaders of the Congress, BJP, RLD, CPI(M), CPI, Trinamool Congress, Samajwadi Party, Janata Dal (Secular), AIADMK, DMK and TDP.
...