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dipakgod-Some further info-SENSEX 17131.08 17180.18 -0.29
NIFTY 5090.55 5103.55 -0.25
FTSE 100 5374.36 5355.5 0.35
NIKKEI 9401.58 9497.68 -1.01
HANGSENG 22423.14 22771.39 -1.53
SHANGHAI COMP 3223.526 3338.66 -3.45...
In reply to:
Is this end of nifty fake out rally?
Posted by :
dipakgod
US Market open -ve:
Dow 10,437.12 -13.83 -0.13%
Nasdaq 2,172.37 -3.64 -0.17%
S&P 500 1,105.10 -1.14 -0.10%
10 Yr Bond(%) 3.3450% -0.0190
Oil 77.41 -0.15 -0.19%
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Upper range of my stoploss has been hit. Low risk traders can exit. High risk traders can hold with a higher stoploss of 5140. But this is the last risky stoploss. Above this, if market sustains for 10 minutes, exit shorts imediately.
Regards,
Rudra...
In reply to:
Analysis
Posted by : rudra_sinha
One can short around 5115 with a stop at 5125-30 for a target around 5090-80.
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UP mills, farmers agree to sugarcane price of Rs 195/q...
In reply to:
Market News and Market Update
Posted by : hsnmf
Twitter eyes acquisitions, sees making money in 2010
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Why Mahindra Forgings is up 70% in 4 trading sessions
Published on Tue, Nov 24, 2009 at 16:56 | Updated at Wed, Nov 25, 2009 at 11:29 | Source : CNBC-TV18
Mahindra Forgings had some phenomenal gains and in the last four trading sessions it’s up almost 70%. CNBC-TV18’s Sonia Shenoy reports. The company has got an approval for raising funds to the tune of about Rs 226 crore. It was announced on October 28 and this was to be done via a rights issue.
However, according to sources, there have been a lot of closed-door meetings with the management where the management is contemplating raising funds via the QIP route.
Below is a verbatim transcript of her comments on CNBC-TV18. Also watch the accompanying video.
They have got an approval for raising funds to the tune of about Rs 226 crore. It was announced on October 28 and this was to be done via a rights issue. However, now we are hearing from sources that there have been lot of closed-door meetings with the management where the management is contemplating raising funds via the QIP route because they feel that the time is ripe at this point in time to rake in funds from the market via the QIP route. Some sort of an announcement may be expected in the next four-five days as reported by sources.
The promoter stake is currently at 61% and they are expecting dilution to come down to possibly 55%, if in case they do go in for a QIP. They do have approval right now for a rights issue and will of course go in for that.
They have seen a turnaround this time in their Q2 performance, there was an analyst meet that was with the management 10 days ago where they indicated a lot of improvement in the sector in the company particularly.
They have seen a turnaround this time. Their PAT has come down Rs 32 lakh and this is versus a net loss of Rs 7 crore that they made last quarter. So they are expecting a volume growth of 15-20% going forward as well....
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Market News and Market Update
Posted by : hsnmf
# BSE Sensex seen choppy, Reliance watched- Reuters
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Twitter eyes acquisitions, sees making money in 2010...
In reply to:
Market News and Market Update
Posted by : hsnmf
# BSE Sensex seen choppy, Reliance watched- Reuters
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Subir Gokarn`s agenda: Exit stimulus, don`t hit recovery...
In reply to:
Market News and Market Update
Posted by : hsnmf
# BSE Sensex seen choppy, Reliance watched- Reuters
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Subir Gokarn`s agenda: Exit stimulus, don`t hit recovery...
In reply to:
Market News and Market Update
Posted by : hsnmf
# BSE Sensex seen choppy, Reliance watched- Reuters
Tracked by: 1 Boarder
Keep Rs 340 stoploss in HPCL: Sukhani...
In reply to:
Market News and Market Update
Posted by : hsnmf
# BSE Sensex seen choppy, Reliance watched- Reuters
Tracked by: 1 Boarder
Unitech gears up for third fund raising exercise...
In reply to:
Market News and Market Update
Posted by : hsnmf
# BSE Sensex seen choppy, Reliance watched- Reuters
Tracked by: 1 Boarder
Unitech gears up for third fund raising exercise...
In reply to:
Market News and Market Update
Posted by : hsnmf
# BSE Sensex seen choppy, Reliance watched- Reuters
Tracked by: 1 Boarder
Ex-bonus, RIL will see correction: SP Tulsian...
In reply to:
Market News and Market Update
Posted by : hsnmf
# BSE Sensex seen choppy, Reliance watched- Reuters
Tracked by: 1 Boarder
UP mills, farmers agree to sugarcane price of Rs 195/q...
In reply to:
Market News and Market Update
Posted by : hsnmf
# BSE Sensex seen choppy, Reliance watched- Reuters
Tracked by: 1 Boarder
Nifty to test 5500 post 5-7% correction: JM Financial...
In reply to:
Market News and Market Update
Posted by : hsnmf
# BSE Sensex seen choppy, Reliance watched- Reuters
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Nifty above 5,100; RIL gains ahead of ex-bonus, BPCL up 5%...
In reply to:
Market News and Market Update
Posted by : hsnmf
# BSE Sensex seen choppy, Reliance watched- Reuters
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Mkts to remain strong; bet on midcaps: Ramesh Damani
Published on Wed, Nov 25, 2009 at 10:18 | Updated at Wed, Nov 25, 2009 at 11:29 | Source : CNBC-TV18
Market veteran Ramesh Damani says he is looking forward ‘positively’ to the year 2010 where, he says, equity markets may continue to be strong. Speaking to CNBC-TV18, Damani attributed the global equity market rally to healthy fund flows and improving corporate earnings and disagreed that it was purely because of the dollar carry trade. “There is a school of thought that you borrow money at zero interest rates in the US and deploy it in fast-growing emerging markets that is behind the rally,” he said, adding, “But that doesn’t explain how the US markets have been strong.”
The markets would continue to be strong ahead and would test their lifetime highs but would get reined in due to capital absorption by initial public offers (IPOs) flooding the markets. “The markets have been buoyant and you will do well to be a stock picker. However, I’m not sure that the markets are in a great hurry to take out their all-time highs that they made few years back,” Damani said.
Buy midcaps
The best trade for the next year would be to buy midcap stocks, the market guru said. “The trick in the stock market is always buy those things that are cheap. Right now, there is a lot of value in the midcap stocks while the A-group stocks or the F&O stocks are fairly richly valued — some of them are trading at a high PE ratio as the fund flows from abroad usually chase such frontline stocks,” Damani said. “If you keep a sharp eye out and look out for midcaps and the small caps, there are lots of good companies growing at 20-25% and which are available at PEs of 5-6. My sense is that midcaps will give good returns for the next year or so.”
View on US
Even as the US markets were strong, the country’s economy faces a stiff challenge, Damani said. “It depends on your perspective. Say, 10 years ago, it was a misfortune to invest in America — you have had zero returns on the S&P, the S&P is where it was 11 years ago, though even in that, some sectors have done well while others have not.”
“The reason the US markets are going up is because US assets are becoming cheaper for us to buy.”
Gold in bull market
Damani is of the view that a bull market has started in gold and that it would soon de-link its correlation with the dollar’s fortune. “Gold has broken from its 30-year base formation and made new price highs. That suggests significantly higher prices. Gold will go up on its own strength now.”
Damani attributed the gold bull market to a combination of factors. “People are not trusting paper currency anymore. They want to diversify their assets. Gold also has only limited amount of supply unlike equities where paper can be almost unlimited.”...
In reply to:
Market News and Market Update
Posted by : hsnmf
# BSE Sensex seen choppy, Reliance watched- Reuters
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