News Updates

• In Indian Stock Market History, For the first time stock market process halted due to upper circuit. Markets were open with 10% expected gains and then process was halted for 2 hours. Then again markets were open and we have seen 17% up move. Hence stock market trading was halted for a day. In the end SENSEX was trading at 14273 with gain of 2100 points and Nifty was closed at 4303 with 17% gain ( Highest in Indian History)
• Results Today: Grasim, Indian Bank, Thermax, Mercator Lines, Mid-Day Multi, Chennai Petro Corp.
• Circuit filters for Sensex: 10% Drop Halts – One hour halt before 1pm,  30 minutes halt between 1 pm to 2:30 pm and then no halting after 2:30 PM. 15% Drop Halts – 2 hours halt before 1pm,  1 hours halt between 1 pm to 2 pm and then halt for a rest of the day after 2 pm
• Due to stable government and increment in capital inflows, The Indian rupee yesterday rose by 150 paise to trade at 47.9 against the US Dollars which is 4 month high and which is 11 years highest  one day gain by Rupee
• Indian Market investors wealth increased by 4 lakhs crore in first 5 seconds trade yesterday
• As UPA government came into action again, we will see huge rally in Real Estate and real estate realted stocks and housing price will go again high.
• You should exit or book profit in Gold and Silver commodities very soon.
• Sector to watch out for in ORDER of benefit due to stable UPA government: Infrastructure, Real estate , Power, Telecom, Banking, Agreeculture, Education, FMCG, Pharma
• Full Budget 2009-2010 will come in 45 days from govt formation: Chidambaram
• Due to workers sit-in-strike, MRF declares indefinite lock out at Chennai plant – BS
• ITI Ltd had a turnover of Rs 1829 crore in the financial year 2008-09 which declared highest in last 7 years

Today’s Trading Calls

• Opposed to my prediction, Markets were opened high and we have seen Ckt first time in indian history
• Today also we may see 1 hour halt in initial trading session but then we may see market getting stability in positive direction. But Sensex will touch 15500 in early trades with nifty nifty moving towards 4500 level
• We may see 25% to 30% up move in 3 months averagely in SENSX
• Nifty Levels: I dont thing we need to watch out Support or resistance levels in this market atleast for 3 sessions. But i recommend to book profit above 4500 level and buy below 4300
• Buy Apollo Tyres: Target 30.5, Short Target 35,  Stop Loss 28
• Buy Jindal Steel: Target 2050, 2200 Long Target 2900 Stop Loss 1700 (Long Target – 3 months maximum)
• Buy HCC: Target 80, 82, 84 Short Target 101 Stop Loss 68
• Buy IVRCL Infra: Target 225, 234 Short target 260 Stop Loss 194
• Buy Unitech: Target 69, 71, 74 Short target 89 Stop Loss 62
• Buy GNFC: Short Target 99, 118 Stop Loss 72 (Hold for 5 days)
• Buy ITI Ltd. : Target 34 Short Target 42 Stop Loss 26
• Buy Kale Consultant: Long Target 46, Stop Loss 28  (2 Month Period)
• Past Trading Calls View Here

Mid-Session Updates