Curent market valuations indiacate little scope for Profit Booking in Near Future

Equity market world wide have withenssed major rallies since July 12 his year on the back of better-than-expected earnings for the June quarter. and the indian market has already factored in a stronger recovery with price to eanring multiples rising to over 20 times for around 10 march 2009.

7 Cr.Share of suzlon energy sell by promoter of company

Last day the market price of suzlon energy go down @rs.90 .because their was selling presure created by promoters of the company.4.7% of total share of suzlon energy sold . within one month this is major fall in this stock .first fall was affect by bad news of second quarterly financial report

Indian Stock Market Become WORLD NO.1 in Payment and NSE(National stock exchange) WORLD NO.3 in business of capital market.

Indian stock market have found a great achievement in world stock market..indian stock market is one step greater in business payment of capital market.its payment made at next trading day but LONDON STOCK EXCHANGE make payment after three trading day.

NATIONAL STOCK EXCHANGE have become world no.3 regarding business of capital market.no.1 is NYSE and no.2 London stock exchange.

FIIs turn focus on equities from debt

FIIs have become net buyers of equities to the tune of $10billion since March. In 2008.FIIs were net buyers of debt at $2.64 billion and net sellers of stocks worth $12 billion.

After keeping their data with debt for the entire 2008 and the fist two months of 2009, foreign institutional investors (FIIs) have thronged the markets as stocks rose from March. In doing so, FIIs have emerged ‘net sellers’ of debt while becoming ‘net buyers’ of equities since March, according to Sebi data till September 10.

In view of FIIs stock market of India and China is much more speculative in nature.

Market looking so volatile today

At the opening bell of market,most active indices of indian stock market BSE,NSE open with positive sentiment but at this time market is trading at nagative level bse 28 pt and Nse 13 pt.so market is volatile today.uncertainity exists in today trading session

Advise for buying some stocks for upcoming days

Nifty has crucial support at 4742 &further it can move at 4903 in early trading day and Sensex crucial support at16030,but at16248-16404 has strong support

Above RS.2160 REL IND target rs2280-2325

Larsen & turbo target RS.1750, Stoploss RS.1574

NIIT target 86-90,stoploss RS.68

Century textiles targetRS505 Stoploss RS.454

Everonn system targetRS.450,Stoploss RS.394

Appolo tyre target RS.54,Stoploss RS.40

Finolex cable target RS.55

One can eyes on DLF, REL INFRA,GMR, ABAN

DOLLAR INDEX SHOW ITS 11 MONTH LOW

The dollar struck its nearly one year low.the dollar index fell as low as 77.05 today.The dollar is trading at 48.52

NSE Cut trading charges by 10 %

Just to facilitate the retail investor NSE said that the transation charges would be lower by 10% in cash and derivative segment but it would levey system abuse charges in the futures and options category.

OIL India Limited IPO subscribed 1.27 times on the very first day

Oil India Ltd. IPO which is the second largest State Run Oil and gas company launches its IPO on Monday 7th september 2009. it was subscribed 1.27 times on the very first day. the price band of oil IPO set at 950-1050. Through this IPO the company will raise around Rs. 2,777 crore at the uppper and 2,512 crore at the lowar end.

Sensex regains 16000 level after 15 months

On monday in bombay stock exchange,30 shares based index sensex(BSE30) closes at 16016.32 points due to strong rally sparked by positive global cues and improved rain in many parts of the country.In NSE 50 shares based index nifty closed at its highest level since May30,2008 at 4782.90 points.

Positive response of global stocks, domestic indices moved up.The major reason behind rally the indices was followed the decision by G-20 Finance ministers in LONDON past week-end to continue with stimulus packages to counter global economic downturn.

Oil India Ltd Launches Public Issue

PRICE BAND Rs 950 to Rs 1050 per Equity Share of face Value Rs 10 each

on friday the market closed at about 300 point up

on friday the last day of the week the maket get closed with a trmandus hight of 300 points which show a possitive attitude of the investors . now it can be predicted that the market will touch 16200 points.

POSITIVE GLOBLE CUES FAIL TO BOOST SENTIMENT

A significant drop in heavyweight Reliance Industries pulled the benchmark Sensex down by over 69 points amid uncertain global trends.
Stretching the losses to fourth day in a row, the key index, which had lost 455 points in the past three sessions, closed lower further by 69.13 points at 15,398.33. Wider index Nifty on NSE lost 14.80 points at 4,593.55. Marketmen said selling pressure persisted for the fourth straight day due to uncertainty over the impact of weak monsoon on the domestic economy. Doubts over sustainability of global recovery also added to subdued sentiment.

Nifty may fall to 4500 level

The Nifty maintained its support of 4580 and closed at 4593 indicating that it could go down to the 4500 level in the near future. the september futures closed at a discount to spot and built an open interest of .6 million shares hinting at fresh sell-offs by bear operators. the upside for the index is around 4650 with a with a major support likely at 4500.