Today’s Stock Tips, Market News Updates – May 25
Posted by Stock Market Guru on 22 May, 2009
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News Updates
- On 22 May, Though all Asian markets were closed in RED but Indian markets were opened in GREEN and traded with positive bias for whole day. Nifty was trading below 4200 in noon but didn’t make it to go below 4150 support level which help nifty to recover sharlpy to close in positive with 27 point gain at 4238 level.
- Results To Watch: Sun Pharma, HDIL, GNFC, JK Cement, Arti Industries, Jet Airways, Karnataka Bank, REC, Dishman Pharma, Omnitech Solutions, Tourism Finanace Corporation (TFCI)
- Indian Rupee continued its upward move with closing at 46.98 which is five months high – BS
- Redington India has posted 17% incease in Profit and stock soared 20% to it’s upper circuit of Rs 195 with buy orders for nearly 27,000 shares pending at the counter – BS
- The Central Government is thinking a Rs 10000 crore package for the shipping industry
- Era Infrastructure Engineering has bagged an order worth Rs 117.84 crore from Aravali Power Company for township development in Haryana
- Due to higher price, Reliance Industries (RIL) and Essar Oil (EOL) may not buy crude oil that Cairn India in Rajasthan
- Airtel to launch NET PC, A Plug-n-Play online computer of 15 inches LCD monitor keyboard mouse, priced at Rs. 7999 for Airtel Broadband Customers – BS
- Dr. Manmohan Singh sworn in as Prime Minister for a second consecutive term on 22 May 2009 by President Pratibha Patil and is the second person after Pandit Jawaharlal Nehru to be the PM for a second successive term. Rahul gandhi stayed away from cabinet - ET, CNBC
- Manmohan Singh Six Ministers: Pranab Mukherjee – Finance, Sharad Pawar – Agriculture, Food & Civil Supplies, Consumer Affairs and Public Distribution, AK Antony – Defence, P Chidambaram – Home Ministry, Mamata Banerjee – Railways and SM Krishna – External Affairs
- Chinese Huawei Technologies has clocked 100 per cent growth in revenue from India in 2008 at USD 1.3 billion – ET
- India’s fifth largest airline SpiceJet on Saturday announced four free complimentary tickets to all its 20,000 passengers travelling by SpiceJet aircraft – ET
- Tata Group is thinking to start an electronic mall (e-malll) through to sell all group companies products online in the next 2 months
- Internet search giant Google has topped as the world’s best employer for MBA graduates for the third year in row – Fortune magazine, BS
- Friday market was trading with positive bias after touching lows of 4160 level. In last one hour session we have seen good buying interest in market and selective stocks were in eyes of FIIs and DIIs.
- Nifty closed above the support level 4200. This week is the expiry for May 2009 so keep your eyes open before taking any long position. Tuesday will be the cabinet announcement day which will play crucial roll in next week trading. But nothing is showing bad signals so we should hope for good Flat or GREEN biased move on expiry week.
- Market will be opening positive but it also depends on global cues like US and other asian markets. But Sensex will see major resistance at 14800 level before touching 15000 level again.
- Buy Shipping Stocks as government is about to give Rs. 10000 crore package
- Buy Sugar Stocks also ass we may see some ease in that sector by newly formed government especially in Ethanol plants
- Nifty Levels: Sell Below 4200, 4160, 4123 Buy Above 4250, 4275, 4293
- Buy Harrison Malayalam: Target 83, 86 Short Target 89, Stop Loss 74
- Buy Ajantha Pharma: Target 87, 91 Short Target 95 Stop Loss 79
- Buy Spice Jet (BSE Only): Target 23.5 Short Target 28 Long Target 45 Stop Loss 19 (As i had told many months before keep this stock in your portfolio)
- Sell Cairn India: Target 115, 112 Stop Loss 125
- Buy GNFC: Target: 93, 96 Stop Loss 88
- Buy Noida Toll Bridge: Target 43, 45 Stop Loss 37
- Buy Dish TV: Target: 44, 46 Short Term: 49, 51 Stop Loss 39 (Buy it for short term delivery base)
- Buy Cadila Healthcare: Target 330, 341 Stop Loss 315
- Buy SCI: Target 135, 139, 142 Short Term 150 Stop Loss 124
- Buy Karnataka Bank: Target 147, 155 Stop Loss 134
- Buy REC: Target 145 Stop Loss 135
- Buy NEPC Micon India Ltd: Long (1 year) Target: 23 Stop Loss 5
- Past Trading Calls View Here
Mid-Session Updates
- GNFC declared 3.25% dividend which is Rs. 3.25 per share
- Book Profit in GNFC and Karnataka Bank on closing basis because they are showing over baught positions
- BTST call: Buy JP Assoc
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