Stocks

Yahoo gives warning for Monday trading

Reliance

Posted by : Leave it.
Price when posted : BSE: Rs 1527.00 ( -7.43 % ), NSE: Rs. 1527.60 ( -7.34 % )

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Markets to crash further----------------
Mon, Oct 13 02:38 AM

Indian equity indices, which observed its worst weekly performance in the recent past, last week are likely to hammer down further on the back of carnage in the global markets. If the dealers in the market are to be believed then there are no positive indications in the market which may boost the sentiments of the market.

Weak closing of the US markets might also mirror in the domestic markets for the first two days of the next week, say traders. Absence of any major trigger on the home front, the domestic markets is expected to look west and at its Asian counterparts for the direction next week.

Amitabh Chakraborthy, president equities at Religare Securities said, "At this juncture, I don`t see any positive triggers in the markets which can make a positive rally. Foreign Institutional Investors (FII) is continuously selling and they would continue doing it for some more time. In the coming days, we might witness further selling pressure in the markets, which may take Sensex further down and we might see the downside correction of other 20% in the coming days."

On Friday, last trading day of previous week, we saw Sensex down by 800.51 points or 7.07% and had ended the day at 10,527.85 points. The broader S&P CNX Nifty of National Stock Exchange (NSE) lost 233.70 points or 6.65% and had closed the day at 3,279.95 points.

However, dealers in the markets say that, Cash Reserve Ratio (CRR) cut by the Reserve Bank of India (RBI) by 150 basis point will infuse over Rs 60,000 crore in to the banking system, which might boost the sentiments of the investors in the coming days.

"Global markets are playing havoc and no one is sure how much more pain is left in the market. Apart from that intense selling pressure in the last couple of days in the domestic market is worrisome. Investor confidence has been shattered after the massive crack that the market witnessed last week," said an analyst from the leading broking house.

Analysts will also be watching out for more results, prime amongst them would be the HDFC Bank results this week
v.krishnamoorthy...

Yahoo news gives a warning for Monday trading.

ICICI Bank

Posted by : Leave it.
Price when posted : BSE: Rs 364.10 ( -19.71 % ), NSE: Rs. 363.65 ( -19.86 % )

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Markets to crash further------------

Mon, Oct 13 02:38 AM

Indian equity indices, which observed its worst weekly performance in the recent past, last week are likely to hammer down further on the back of carnage in the global markets. If the dealers in the market are to be believed then there are no positive indications in the market which may boost the sentiments of the market.

Weak closing of the US markets might also mirror in the domestic markets for the first two days of the next week, say traders. Absence of any major trigger on the home front, the domestic markets is expected to look west and at its Asian counterparts for the direction next week.

Amitabh Chakraborthy, president equities at Religare Securities said, "At this juncture, I don`t see any positive triggers in the markets which can make a positive rally. Foreign Institutional Investors (FII) is continuously selling and they would continue doing it for some more time. In the coming days, we might witness further selling pressure in the markets, which may take Sensex further down and we might see the downside correction of other 20% in the coming days."

On Friday, last trading day of previous week, we saw Sensex down by 800.51 points or 7.07% and had ended the day at 10,527.85 points. The broader S&P CNX Nifty of National Stock Exchange (NSE) lost 233.70 points or 6.65% and had closed the day at 3,279.95 points.

However, dealers in the markets say that, Cash Reserve Ratio (CRR) cut by the Reserve Bank of India (RBI) by 150 basis point will infuse over Rs 60,000 crore in to the banking system, which might boost the sentiments of the investors in the coming days.

"Global markets are playing havoc and no one is sure how much more pain is left in the market. Apart from that intense selling pressure in the last couple of days in the domestic market is worrisome. Investor confidence has been shattered after the massive crack that the market witnessed last week," said an analyst from the leading broking house.

Analysts will also be watching out for more results, prime amongst them would be the HDFC Bank results this week
v.krishnamoorthy...

Yahoo gives a warning for MONDAY

Opto Circuits

Posted by : Leave it.
Price when posted : BSE: Rs 165.25 ( -11.84 % ), NSE: Rs. 166.90 ( -11.11 % )

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Markets to crash further------------------
Mon, Oct 13 02:38 AM

Indian equity indices, which observed its worst weekly performance in the recent past, last week are likely to hammer down further on the back of carnage in the global markets.

If the dealers in the market are to be believed then there are no positive indications in the market which may boost the sentiments of the market.

Weak closing of the US markets might also mirror in the domestic markets for the first two days of the next week, say traders. Absence of any major trigger on the home front, the domestic markets is expected to look west and at its Asian counterparts for the direction next week.

Amitabh Chakraborthy, president equities at Religare Securities said, "At this juncture, I don`t see any positive triggers in the markets which can make a positive rally.

Foreign Institutional Investors (FII) is continuously selling and they would continue doing it for some more time. In the coming days, we might witness further selling pressure in the markets, which may take Sensex further down and we might see the downside correction of other 20% in the coming days."

On Friday, last trading day of previous week, we saw Sensex down by 800.51 points or 7.07% and had ended the day at 10,527.85 points. The broader S&P CNX Nifty of National Stock Exchange (NSE) lost 233.70 points or 6.65% and had closed the day at 3,279.95 points.

However, dealers in the markets say that, Cash Reserve Ratio (CRR) cut by the Reserve Bank of India (RBI) by 150 basis point will infuse over Rs 60,000 crore in to the banking system, which might boost the sentiments of the investors in the coming days.

"Global markets are playing havoc and no one is sure how much more pain is left in the market. Apart from that intense selling pressure in the last couple of days in the domestic market is worrisome. Investor confidence has been shattered after the massive crack that the market witnessed last week," said an analyst from the leading broking house.

Analysts will also be watching out for more results, prime amongst them would be the HDFC Bank results this week.
I do not understand how the investor will gain from the CRR reduction. If it takes cource, it will take its own time.
The report is for general observation of all of us. If you have hope, you will regain everything.

v.krishnamoorthy
...

Yahoo gives a warning for Monday trading

SBI

Posted by : Leave it.
Price when posted : BSE: Rs 1352.15 ( 2.27 % ), NSE: Rs. 1352.50 ( 2.59 % )

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Markets to crash furtherMon, Oct 13 02:38 AM

Indian equity indices, which observed its worst weekly performance in the recent past, last week are likely to hammer down further on the back of carnage in the global markets. If the dealers in the market are to be believed then there are no positive indications in the market which may boost the sentiments of the market.

Weak closing of the US markets might also mirror in the domestic markets for the first two days of the next week, say traders. Absence of any major trigger on the home front, the domestic markets is expected to look west and at its Asian counterparts for the direction next week.

Amitabh Chakraborthy, president equities at Religare Securities said, "At this juncture, I don`t see any positive triggers in the markets which can make a positive rally. Foreign Institutional Investors (FII) is continuously selling and they would continue doing it for some more time. In the coming days, we might witness further selling pressure in the markets, which may take Sensex further down and we might see the downside correction of other 20% in the coming days."

On Friday, last trading day of previous week, we saw Sensex down by 800.51 points or 7.07% and had ended the day at 10,527.85 points. The broader S&P CNX Nifty of National Stock Exchange (NSE) lost 233.70 points or 6.65% and had closed the day at 3,279.95 points.

However, dealers in the markets say that, Cash Reserve Ratio (CRR) cut by the Reserve Bank of India (RBI) by 150 basis point will infuse over Rs 60,000 crore in to the banking system, which might boost the sentiments of the investors in the coming days.

"Global markets are playing havoc and no one is sure how much more pain is left in the market. Apart from that intense selling pressure in the last couple of days in the domestic market is worrisome. Investor confidence has been shattered after the massive crack that the market witnessed last week," said an analyst from the leading broking house.

Analysts will also be watching out for more results, prime amongst them would be the HDFC Bank results this week
v.krishnamoorthy...

A warning for today trading from Yahoo news

HDFC Bank

Posted by : Leave it.
Price when posted : BSE: Rs 1046.35 ( -5.35 % ), NSE: Rs. 1047.75 ( -5.27 % )

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Markets to crash further----------

Mon, Oct 13 02:38 AM

Indian equity indices, which observed its worst weekly performance in the recent past, last week are likely to hammer down further on the back of carnage in the global markets. If the dealers in the market are to be believed then there are no positive indications in the market which may boost the sentiments of the market.

Weak closing of the US markets might also mirror in the domestic markets for the first two days of the next week, say traders. Absence of any major trigger on the home front, the domestic markets is expected to look west and at its Asian counterparts for the direction next week.

Amitabh Chakraborthy, president equities at Religare Securities said, "At this juncture, I don`t see any positive triggers in the markets which can make a positive rally. Foreign Institutional Investors (FII) is continuously selling and they would continue doing it for some more time. In the coming days, we might witness further selling pressure in the markets, which may take Sensex further down and we might see the downside correction of other 20% in the coming days."

On Friday, last trading day of previous week, we saw Sensex down by 800.51 points or 7.07% and had ended the day at 10,527.85 points. The broader S&P CNX Nifty of National Stock Exchange (NSE) lost 233.70 points or 6.65% and had closed the day at 3,279.95 points.

However, dealers in the markets say that, Cash Reserve Ratio (CRR) cut by the Reserve Bank of India (RBI) by 150 basis point will infuse over Rs 60,000 crore in to the banking system, which might boost the sentiments of the investors in the coming days.

"Global markets are playing havoc and no one is sure how much more pain is left in the market. Apart from that intense selling pressure in the last couple of days in the domestic market is worrisome. Investor confidence has been shattered after the massive crack that the market witnessed last week," said an analyst from the leading broking house.

Analysts will also be watching out for more results, prime amongst them would be the HDFC Bank results this week
v.krishnamoorthy...

Very Good Stock limited Downside

Jaiprakash Asso

Posted by : libran.
Price when posted : BSE: Rs 76.15 ( -16.27 % ), NSE: Rs. 76.10 ( -16.19 % )

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Also I want to add that it is pity that we go buy stocks when brokerages come with buy reports. Why can`t we apply our own wisdoms and do the same before they do, wait for few months and once stock goes back to 120 levels all brokerage will come with buy and target price would be 200 plus..happy investing...

In reply to:

Very Good Stock limited Downside

Posted by : libran.

The promoter have already converted one crore warrants at price of 397 shares through its group company JP ventures, this stock was at 24.5 PE at 135 levels now trading at 76 is very cheap, also where all other companies are not going ahead and converting their share warrants at significant higher price to current market value, for example Nagarjuna construction was suppose to convert their share warrants at rate of 217 when share price was at 140 levels and they did not, but JP associates have gone ahead and converted warrants into shares at 397 almost 6 times current market price, demonstrates and exhibits how promoters are confident about their company fundamentals and growth going forward .. i am bullish about this stock not for short term but long term say 2-3 years I see stock at above 250 levels.. happy investing

Support-Resistance LEVELS for TODAY ! !

Reliance Natura

Posted by : DUstocks
Price when posted : BSE: Rs 52.75 ( -11.79 % ), NSE: Rs. 52.75 ( -11.79 % )

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R3 R2 R1 P S1 S2 S3
65.16 61.58 57.16 53.58 49.16 45.58 41.16
...

Very Good Stock limited Downside

Jaiprakash Asso

Posted by : libran.
Price when posted : BSE: Rs 76.15 ( -16.27 % ), NSE: Rs. 76.10 ( -16.19 % )

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The promoter have already converted one crore warrants at price of 397 shares through its group company JP ventures, this stock was at 24.5 PE at 135 levels now trading at 76 is very cheap, also where all other companies are not going ahead and converting their share warrants at significant higher price to current market value, for example Nagarjuna construction was suppose to convert their share warrants at rate of 217 when share price was at 140 levels and they did not, but JP associates have gone ahead and converted warrants into shares at 397 almost 6 times current market price, demonstrates and exhibits how promoters are confident about their company fundamentals and growth going forward .. i am bullish about this stock not for short term but long term say 2-3 years I see stock at above 250 levels.. happy investing ...

In reply to:

Very Good Stock limited Downside

Posted by : BullSheetRules

Just for info:
--

JP Associates: Not so concrete
Shobhana Subramanian & Varun Sharma / Mumbai September 20, 2008, 0:26 IST

The Street seems to be worried about the company’s expansion plans for cement at a time when demand is expected to slow down.

The Jaiprakash Associates stock fell to a 52 week low in intra-day trades earlier this week. Since it became a part of the BSE Sensex, in mid-March 2008, the stock has come off by 46 per cent –a huge underperformer given that the Sensex has lost just 15.5 per cent during that time. That is somewhat surprising because the Rs 3,985 crore firm did fairly well last year to post an increase in sales of 14.5 per cent and a rise of 47 per cent in net profits.

What seems to be worrying investors is the cement business which contributes about half the company’s revenues. Last year JPA spent about Rs 3,080 crore on capital expenditure of which three –fourths or Rs 2,270, was spent on adding cement capacity--JPA plans to double capacity to nearly 20 million tonnes this year.

However, according to industry watchers, demand for cement is coming off slowly and is expected to grow by just 10-12 per cent over the next three years. It could, therefore, lag supply which is expected to increase by 20-22 per cent compounded annually over FY08-11.

Thus, prices could come off by 8-12 per cent over the next 12-15 months. In the June 2008 quarter, cement and cement products, at JPA, grew by 13 per cent y-o-y with volumes increasing by about 11 per cent and realisations up 1.7 per cent. The segment margin came off by 280 basis to 30.3 per cent y-o-y.

JPA`s construction business should do well since it is executing hydro power projects for a capacity of 4,290 MW. It currently operates 700 MW of hydro power capacity and the order book stands at around Rs 12,000 crore. In the June 2008 quarter, construction and engineering grew 17 per cent with the segment margin up 180 basis to 21 per cent y-o-y.

JPA`s promoters have recently allotted themselves 120 million warrants —about 9 per cent of fully diluted equity-— in addition to the 50 million warrants, priced at Rs 397 per share, allotted in January 2008, and due for conversion in July 2009. At the current price of Rs 135 the stock trades at 24.5 times its estimated FY09 earnings.

Support-Resistance LEVELS for TODAY ! !

DLF

Posted by : DUstocks
Price when posted : BSE: Rs 281.65 ( -8.79 % ), NSE: Rs. 281.90 ( -8.73 % )

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R3 R2 R1 P S1 S2 S3
325.06 315.33 298.61 288.88 272.16 262.43 245.71
...

Support-Resistance LEVELS for TODAY ! !

Unitech

Posted by : DUstocks
Price when posted : BSE: Rs 82.80 ( -12.38 % ), NSE: Rs. 82.95 ( -12.18 % )

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R3 R2 R1 P S1 S2 S3
100.25 95.75 89.35 84.85 78.45 73.95 67.55
...

Support-Resistance LEVELS for TODAY ! !

IFCI

Posted by : DUstocks
Price when posted : BSE: Rs 25.00 ( -18.57 % ), NSE: Rs. 25.15 ( -18.21 % )

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R3 R2 R1 P S1 S2 S3
33.76 31.78 28.46 26.48 23.16 21.18 17.86
...

Support-Resistance LEVELS for TODAY ! !

Reliance

Posted by : DUstocks
Price when posted : BSE: Rs 1527.00 ( -7.43 % ), NSE: Rs. 1527.60 ( -7.34 % )

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R3 R2 R1 P S1 S2 S3
1715.23 1657.46 1592.53 1534.76 1469.83 1412.06 1347.13
...

Support-Resistance LEVELS for TODAY ! !

Larsen

Posted by : DUstocks
Price when posted : BSE: Rs 889.15 ( -8.02 % ), NSE: Rs. 890.35 ( -7.88 % )

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R3 R2 R1 P S1 S2 S3
1010.06 969.98 930.16 890.08 850.26 810.18 770.36
...

Support-Resistance LEVELS for TODAY ! !

Aban Offshore

Posted by : DUstocks
Price when posted : BSE: Rs 1111.00 ( 2.68 % ), NSE: Rs. 1111.75 ( 2.62 % )

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R3 R2 R1 P S1 S2 S3
1508.50 1333.25 1222.50 1047.25 936.50 761.25 650.50
...

Support-Resistance LEVELS for TODAY ! !

Reliance Petro

Posted by : DUstocks
Price when posted : BSE: Rs 115.95 ( -5.15 % ), NSE: Rs. 116.25 ( -5.02 % )

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R3 R2 R1 P S1 S2 S3
135.91 127.88 122.06 114.03 108.21 100.18 94.36
...