Today’s Trading Tips, News Updates – May 4
Posted by Stock Market Guru on 30 April, 2009
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News Updates
- Today’s market calls Click Here
- 3i Infotech to Pay $10 million Cash for JP Morgan treasury services Unit
- BPO Company Firstsource Solutions(FSS) reported 265% rise in net profit at Rs 47.30 crore for the fourth quarter ended March 31, 2009
- Bharti Airtel posted better results showing a 21% increase in net profit, cash profit grew at 26% in the quarter ended March 31, 2009. It has declared 20% dividend. One more step ahead, Bharti board has given aprroval to split share in 2:1 so that share will be more affordable to investor.
- Shah Rukh Khan is in discussions with Nokia, Sahara, ADAG group to sell Knight Riders Team and exit the IPL busines
- Apollo Tyres has offered to acquire Vredestein Banden B.V, a Netherland-headquartered premium tyre maker
- Reliance Industries has bought back Chevron Corp’s 5% stake in Reliance Petroleum (RPL) for Rs. 60 per share at the same price seller had bought stake in April 2006
- Pennar indu buy back @ 40/Share
- Moser Baer India reported a net profit of Rs 42.93 crore in the fourth quarter ended March 31. In the same period, it had a loss of Rs. 71 crore.
- Alok Industries has reported 17% increase in net profit financial year 2009.
- The Securities and Exchange Board of India is in talks with the Reserve Bank of India to permit dollar settlements for foreign institutional investors (FIIs) in India – BS
- Educomp Solutions reported 73% growth in net profit to Rs 54.51 crore in the fourth quarter ended March 31, 2009
- ADAG group held Reliance Capitals Ltd. reported dip of 15% in Net Profit but annouced 65% or Rs. 6.5 Dividend
- The wholesale price index -based inflation rate increased to 0.57% in this week, compared with 0.26%in the previous week
- Car market Maruti Suzuki India Limited reported a 15% hike in sales during April 2009
- Hero Honda posted a growth of 29.45% in sales at 370575 units during April mainly due to rural area sales
- Number portability charges likely to be below Rs 300 and service will be starting from Sept 2009
- Indian stocks have given the second highest return after Russia among the four BRIC countries during April 2009
- Crude Oil closed above $53
- Bajaj Auto Sells down
- On April 30 Asian Markets were ended UP with heavy gains on the back of improvement in US economy. Nikkei surged 4%, Hang Seng rallied 4%, Taiwan Weighted gained heighest 7% and The Straits Times advanced 3%.
- Day before expiry market was closed 400 point down due to heavy profit booking and selling pressure in market but on expiry day Indian market ( Indian Market Operators ) saw some surprice movement and market opened with 300 point gap in green. Sensex was trading 200 point up for 3 and then due to EU markets supports and bharti Q4 result, Market closed at 400 point up recovering yesterday losses.
- Have you noticed ICICI bank trades? ICICI bank results were to bad for the market but then also it was trading 7% high and on expiry it was 4% up. Don’t you see some major game in?
- Trade carefully in market as operators are in amood to trap retail investor. Because they have guided investors to go short on day before expiry and on the next day they again pulled back with same amount. Don’t follow any brokrage house calls because they were saying to wait market to come down and now market went up still they are saying to stay away from market. It means that they are not sure what to do in this market. Market is not in had of investors but operators who are running market in any direction.
- Crude Oil closed high at $53 so wee will see some good trading in Oil related companies like Cairn, Aban, Shiv-Vani, Petronet LNG
- Buy Polaris Software: Target 68.5, 70 Stop Loss 63
- Sell ABB Ltd. : Target 470, 465 Stop Loss 495
- Sell Videocon: Target 106, 104.5 Stop Loss 111
- Buy Moser Baer: Target 68.5, 69.8 Stop Loss 64.5
- Buy Bharti Airtel: Target 764, 775 Short Term 804, Stop Loss 720
- Buy Reliance Comm: Target 219, 223 Long Target 386 Stop Loss 209 (Day Trader) 176 (Long Investor)
- BuyHero Honda: Target 1225, 1245, Short Target 1360 ,Stop Loss 1100
- Buy Cairn India: Target 189, 192 Short Target 197 Stop Loss 178
- Buy Petronet LNG: Target 53, 54 Short Target 56 Stop Loss 49
- Buy Aban Offshore: Target 419, 428 Short Target 440 Stop Loss 396
- Buy First Source Solutions: Target 10% up in 2 days
- Buy Apollo Tyres: Target 23
- Buy Gulf Oil Corporation: Target 41, 42 Stop Loss 37.5
- Past Trading Calls View Here
Mid-Session Updates
- Market has shown its strength today. Its alsmot 750 points up
- But Some small exit calls for you. Exit all long in LIC Housing, Educomp, Kingfisher, IDFC, Apollo Tyre (My today’s Buy call given 10% reutn intraday)
- Buy Bombay Dyeing: Target 208 Stop Loss 184
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