Nifty Spot
Resistance 5040
Support 4905
Buy Above 5031
Sell Below 4969
Nifty Future
Resistance 5032
Support 4900
Buy Above 5020
Sell Below 4959
Monday, May 26, 2008
Nifty 26-May-08
TYPES OF PPL IN STK MKTS
TYPES OF PPL IN STK MKTS:
TA = Technical analysts who are either daytradrers, swing traders, they play for the shortterm...... these guys are poor have little capital, have high BP and their staple diet is adrenalin.
FA = Fundamental analysts who invest for the long term... the dream guys... they live in the world of fantasies....they are too stubborn adn terribly convinced and take the skies, the democracy, the judiciary, and smooth function of exchanges, currency rates and so on for granted.... the genuine ones are holidaying in Florida even during massive sell offs like we had on friday..the half baked ones are busy fighting the Technical analysts and know that most technical analysts are liars that they never foresaw any technical bounce they claimed to have gauged and they never played the technical rallies they boast about. LOL
(Above definitions r courtesy of radhika_nandlal)
SA = Skeptical Analysts:Does a lot of research and does no action. They dont know whether they shud believe TA or FA.When FA is good they wait for TA and when TA is good one, Bad result will come....and then they start blaming everyone on MMB,i.e. the Company,its Mgmt,Operators,Finance Minster,Commerce Minister,.....and finally his broker for his hefty brokerage he charged..ROTFL...(with Spl inputs frm yembeee)
MA = MMB Addicts..these very sticky ppl,stickier than poor frogs legs,they stick to MMB as FEVICOL has been invented by them..they r more loyal to the company,than to their family,they dont care abt their family,their kids,...they here virutally on every boards 24X7..till they r forcibly chased away by other co-boarders for their Xtreme views.....LOL...
Last but not Least forgotton, EVERGREEN type:
HA = Humour agents are ppl who are hyper active jump boards to boards in search of elusive nirvana (bearish/bullish views) ,for the sake of opposing the other person's view(right or wrong),they r here for eternal...these guys have good sense of humour...high with dose of adrenalin in their (beer=Men) bellies...they command high PE value ratio than their poor co-boarders....(PE=Pure Entertainment Value)..without these ppl's contribution,MMB wud resemble like the streets of KABUL & BAGDAD....ROTFL...
NEW DEFINITIONS
DA = Dumb-founded Analyst,Who are very very CONFUSED & dont know what to do , whether to sell OR buy OR hold OR jump...??u can find them every(Day)where on MMB,These are that kinda of people who stand on the 6-Way CROSSING and dont know whether to go right or left or straight or diagonal.....make confuse others also...they r worse than our Absent-minded college Proffessor,where students atleast know that he is trying to tell something... LOL(Spl Thanks to Pranky)
OA = Ostrich Analyst,these ppl r,wo give excellent targets for operators operated momentum stks,wen the stk backfires..they gonna b NOWHERE to seen or heard...they r better magicians than legendary DAVID BLAINE,wo atleast comes back after his magic trick...LOL....
SA = Said Analyst,wo always boast of predictions two months in advance,by chance suddenly mkts go opposite...then they scream from rooftops abt their DOOMED (already expired)predictions.(LOL)...
TDA = TELEDATA Analyst,is one who knows that TD should be bought and sold at 62 & 72 only respectively,and knows that it shud not b kept for more than 72 rupees..but he/she refers 24 indicators before buying TD at 62.10 rupees and selling at 71.90 rupees..LOL....(Thank you GOOGOLbhai for inspiration)....LOL..
MBA = Market Bet(spread)sheet Analyst,r ppl wo trade the market with their unusual spreadsheet skills...they can survive the onslaught of SHARK's n BIG FISH's such as Cartels,Operators,Finance minister 2 days in advance..finding them is very easy,u will find them top 20 in popular boarders category by virtue of their TRINAnalysis..u find all information regarding marketconditions(Local and Global) which is useless to u...(Spl Thanks To Ramge for inspiration)...LOL
LATEST DEFINITIONS
ACA = Aastha Channel Analysts,r ppl who have tremendous knowledge abt Co's,its Mgt's,Global Economy....they give u detailed analysis which is useless,unless u r going apply for DIRECTORSHIP of that company..they know Company better than its Managing Director....LOL(Spl Thanks To Ramge for inspiration)
BEST ONES
Investor = A TRADER who finds him/herself on the WRONG side of the market can simply decide to hold onto the stock,UNLESS hoping that it will stage a comeback at some point in the FUTURE.This is how many traders stop being traders and become INVESTORS...LOL....(with Spl inputs frm yembeee)
Trader = Are the ppl,Who once tasted the SACCHARINE (Trading),then they forget about SUGAR(Investing)...Now they r like an ANT who is trapped in sugar tin...they dont know whether to try to come out or stay inside....LOL(Spl Thanks To Yembeee)
Top Five Reasons For A Stock Slide
Conventional wisdom dictates that when a company beats Street's earnings estimates for a given quarter, its stock price should rise. But that's not always the case. In many instances, a stock's share price declines after better-than-expected earnings are reported.
Investors need to know that there is a reason for the decline in share price. It just might not be an obvious reason.
1. Major Shareholder Selling(NO XAMPLES HERE)
Some institutional shareholders set a target to sell their stock at a given price or if a certain event transpires. The end result is that the supply of shares available for sale (after the event transpires) usually depresses the share price.
2. Research Notes(Where are the Auditors?)
Sometimes a sell-side analyst will put out a (negative) research note on the company either just before or just after earnings are released. This report (even if it is only slightly negative in nature) can affect the way that firm's clients think, especially those that are more short-term oriented.
3. Not Meeting the Street estimate(obiously not by 300 percent y-o-y,even if rupee appreciate 20pc from present)
Oftentimes, a company will beat the average Street estimate, but fail to meet or beat the whisper number and, as a result, its stock price falls.
4. Faulty Numbers(WHO CARES ABT NUMBERS HERE!!)
Sometimes, there is a fundamental reason for a stock to fall after earnings are announced. For eg, perhaps the company's gross margins have fallen dramatically from last quarter, or
The company may also be spending too much money to pay for a new product launch.(who cares for expensive product launches, well i have two BIG ready-made client for my product)
5. Future Guidance
Most public companies conduct a conference call after earnings are released.
In this call, management may make forecasts or provide other guidance about the future prospects for the company.
Investors need to remember that any guidance that is contradictory to what the investment community is expecting can have a material impact on the price of the stock.
Summary
There is always a tangible reason behind the downward movement in a given share price after earnings are released,but it's up to the investor to play the role of detective and to try to determine what that reason is.
Those who are able to decipher the logic behind (and the source of) such market movements may be richly rewarded.
UNWRITTEN RULES OF STOCK MARKET:
UNWRITTEN RULES OF STOCK MARKET:
Rule number 1: All sharp price movements -whether up or down- are the result of one or more (usually a group of) professionals manipulating the share price.
Rule number 2: If the market manipulator wants to distribute (dump) his shares, he will start a good news promotional campaign.
Rule number 3: As soon as the market manipulator has completed his distribution (dumping) of shares, he will start a bad news or no news campaign.
Rule number 4: Any stock that trades huge volume at higher prices signals the distribution phase.
Rule number 5: The market manipulator will always try to get you to buy at the highest, and sell at the lowest price Possible.
Rule number 6: If this is a real deal, then you are likely to be the last person to be notified or will be driven out at the lower prices.
Rule number 7: Conversely, you will often be the last to know when this deal shows signs of failure.
Rule number 8: The market manipulator will compel you into the stock so that you drive up its shares price.
Rule number 9: The market manipulator is well aware of the emotions you are experiencing during a run up and a collapse and will play your emotions like a piano.
Final rule: A new batch of suckers are born with every new play.
Dreadful Stocks to Avoid
Dreadful Stocks to Avoid
1. Business that bet.
In some industries, companies occasionally have to make critically important decisions. If the company makes the wrong choice, it will be dealt a crippling blow.
2. Businesses dependent on research
Innovative companies are required to do research simply to maintain their competitive position. And if the research dries up, the company suffers.
3. Debt-burdened companies
During the GOOD times,large amounts of debt means cash, that could be put toward growing the business,instead of rewarding shareholders,cash is used to servicing the debt.In a crisis, debt greatly limits a company's options and can sometimes lead to bankruptcy.
4. Companies with questionable management(NO EXAMPLES R NEEDED HERE)
Management has incredible power. If executives want to enrich themselves at the expense of shareholders, either directly or by misrepresenting the company's prospects, individual shareholders have almost no hope of stopping them.
Some clues to look for here include excessively optimistic press releases,overly generous compensation or options grants, and frequent blaming of external circumstances for operational shortcomings.
WorldCom and Enron shares may have risen for years, but at the end of the day,shareholders received almost nothing. That's why,questionable management is the worst flaw a company can have.
5. Companies that require continued capital investment
Companies that constantly need to make additional capital investment to keep the business going are in this ideal category.
The main beneficiaries will be employees, management, suppliers, and government.In other words, money goes everywhere except to shareholders.
Summary:
These characteristics don't necessarily make a company a bad investment.Dow Chemical,for instance, has been a great long-term investment despite ongoing R&D and capital expenditures.
But a solid understanding of why these types of companies may be undesirable can help you identify whether a company that looks good on the surface might actually cost you money later.
When to Hold and When to Sell:
When to Hold and When to Sell:
Hold when: The price changes
Price changes, up or down, don't change a company's fundamentals.
If you sell simply because the stock's made you 50% in a short time, you're potentially throwing away a much bigger long-term profit.
If the price goes down on no news, the company becomes more attractive, not less. So, it doesn't make sense to sell simply based on price changes
Hold when: Temporary bad news comes
Bad news will come to every stock, sooner or later.
The company will miss estimates by pennies but fall by dollars. In itself, this isn't a reason to sell.
If the factors are temporary and in the long term the business is still strong, it still makes sense to hold, or even buy.
Sell when: The stock is overvalued
If a great stock's fairly valued, then it generally makes sense to not sell it.
You'll likely know that company better than any new company you add to your portfolio, and it's hard to find great companies at cheap prices, so you should naturally be reluctant to give up the ones you have.
But if the company becomes extremely overpriced, then it's time to jettison it,it will be unlikely to earn spectacular future returns.
Sell when: The business changes
If you're buying a great business, and suddenly you notice that the business isn't actually that great anymore, it can make sense to sell.
Sell when: There's a better stock to buy
If you're short on money but see an incredibly compelling stock that you absolutely must own, then sell a less attractive stock to raise funds.
But before you make the switch, make sure that you take into BROKERAGE costs and TAXES.
Often it won't make sense to sell a company in which you have large returns,pay the taxes, and put the proceeds into a marginally more attractive stock.
Eight items that impact the day's trading.
Eight items that impact the day's trading.
1. Overseas Market/Economic Action
Any major Positive/Negative news from foreign market impacts day's trading,
it is be best to wait till the dust settles,before going long on the position.
This will save you some money right from the start.
2. Economic Data
If a highly anticipated economic release is set to come out,may lead to market volatility.
It is best to wait for its release instead of jumping the gun and get SHOT!!!!!.
3. Futures Data
Investors should check to see if futures contracts are trading higher/lower.This will give them a better idea abt the prices ahead.
4. Buying at the Open
Buying or selling stock at the open of the market is not a good idea.
Because the opening hour of trading is the first time that most market participants have to enter or exit the stock, which can easily produce higher-than-average trading volume.
These market participants are reacting to the myriad of news stories that came out between yesterday's close and today's open, which includes major market news events like economic reports and political changes.
5. Midday Trading Lull
There is typically a drop off in trading (meaning the volume of transaction) at noon as most of the major news events are out in the market. During this lull, stock prices can often lose some ground.
When this happens, stocks can be purchased at a musch cheaper price at 1.30-2.30pm than they could at, say, 11am.
Again, this is important to know, as this can affect both entry and exit points.
6. Analyst Upgrades/Downgrades
An analyst may give an intraday note that can have a significant impact on a given stock/sector.As a tip,remember to read financial articles or watch business reports on TV.
7. Company-Related News
if a Analyst gives a bullish/bearish article about a company throughout the trading day, this can have a HUGE impact on its stock.
8. Friday Trading
It means that stocks can/often sell off Friday afternoon during the last few hours of the trading day.
because normally, traders are looking to go home "flat" (without positions on their books).
Keep this in mind on Fridays if you are trying to find a favorable time to enter or exit a stock position.
The 5 Secrets to Buying Stocks
1. Buy cheap.
2. Buy quality.
3. Buy to hold.
4. Buy with minimal expenses.
5. Buy without leverage
The ways to preserve capital and earn steady returns.
1.Don't invest money you can't afford to lose,and don't borrow money to invest.
2.While leverage INCREASES your returns in good times,will MULTIPLY your losses in bad times.
Four steps to Stop Losing Money in ur portfolio.
1.Take shelter with dividends
Dividend payers typically sport strong and growing cash flows, which also happen to be the drivers of a growing stock price.
Investing in dividend-paying Companies and reinvesting those dividends has proven to be a Best market-beating strategy over the long time.
2.Invest in strong brands
Investing in unheard-of small caps is not the path to outstanding returns. Some of the best investment opportunities are supported by branded products and services you already know and use.
Use your knowledge as a lifelong consumer as a tool to boost your portfolio.
By seeking out companies with strong brands, secure dividends, you're practically halfway home to significantly lowering your portfolio's downside risk.
3.Avoid sky-high valuations
It doesn't take a rocket scientist to know that stocks with sky-high valuations have much further to fall. It is easy to get swept up in the greed-induced euphoria
When these high-growth, high-priced companies slip, Small and Poor investors are usually the last ones holding the bag.
4. Diversify
Investing in only a small number of companies might work for others, but running concentrated portfolios is good for the average investor.
You can achieve diversification with funds, individual stocks, or a mix of both.
A simple, defensive, and profitable set of strategies for Small Investors. So while there is NO way to eliminate losses in the market, you can STILL minimize your risk of loss and earn market-beating returns.
Technical And Fundamental Analysis
Advantages of Technical Analysis:
1)Recent Traded Volumes:
When an analyst/an investor is researching a stock,it's good to know what other investors think about it.
After all,they might have some additional insight into the company or they might be creating a trend.
One of the popular methods for gauging market sentiment is to look at the recently traded volume.
Large spikes of volume suggests the stock has caught attention of the traders and that the shares are under accumulation or distribution.
Volume indicators are popular tools among traders,because they can help to confirm whether other investors think same about the company.
Traders generally watch for the volume to increase as an identified trend gains momentum.
A sudden decrease in volume can suggest that traders are losing interest and that a reversal may be on its way.
Intraday charting is popular because it enables traders to watch for spikes in volume, which often comes with block trades and can be extremely helpful in knowing when large institutions are trading.
2) Tracking Short-Term Movements(Moving Averages)
when a stock goes through its 15/21-day moving average (either to the upside or the downside),it usually continues along that trend for a short period of time.
50 & 200-day moving averages are often used by TA's and FA investors to determine longer term breakout patterns.In other words, it is largely an indicator of what to expect in the coming term.
3) Tracking Reactions Over Time
Many fundamental analysts will look at a chart of a specific stock, industry, index or market to determine how that entity has performed over time when certain types of news (such as positive earnings or economic data) has been released.
Patterns have a tendency to repeat themselves, and the investors who were lured (or put off by) the news in question tend to react in a similar manner over time.
For example, if you take a look at the charts of various housing stocks, you'll often see that they react negatively when the Reserve bank chooses to forgo a cut in interest rates.
In short,by analyzing historical trends, investors can ballpark the possible reaction to a future event.
Disadvantages of Technical analysis:
1) It's History!
While it is possible to predict and anticipate certain movements based on patterns of a stock,charts cannot predict future positive/negative data,bcoz they are based on the past.
for eg:.If news leaks out that a company is about to release a good quarter results,investors will be able to take advantage of it and this good news will be apparent in the chart.
A chart cannot provide the investor with crucial long-term information such as the future direction of sales or profits.
2) The Crowd is Sometimes Wrong
it is possible that a stock that's being accumulated this week,may be under heavy distribution the next.
stocks that are being heavily sold this week may be under accumulation in the weeks to come.
Example of the "crowd is wrong" mentality can be found in the large amount of money that went into technology shares at the turn of the 2000(tech boom of 2000).
the money flow into these stocks and the stock markets on which they traded dried up almost overnight.
The charts did not indicate that such a harsh correction was coming.
3) Charts Don't Forecast Macro Trends/Future Events
Charts also are generally unable to accurately forecast macro-economic trends.
For example, it is nearly impossible to look at a Ongc's chart and predict whether govt plans to increase the prices of oil,or where crude oil prices are headed.
4) There is Subjectivity
When it comes to reading a chart, a certain amount of subjectivity comes into play.
Person may see a chart,feel that a stock is builiding a base, while another person may see more downside to it
When it comes to charting, only time will tell which way the markets will actually go.
Conclusion
Technical analysis can be a very valuable tool, but it is important to realize the benefits as well as the limitations before taking a plunge.
Technical And Fundamental Analysis has its merits when used as a compliment to others investing strategies.
Mutual Fund V/s Hedge Fund
The similarities:
Both mutual funds and hedge funds are managed portfolios.
This means,that a fund manager picks securities that he/she feels perform well and buys them.
then fund is divided and then sold to investors,who participate in the gains/losses of the holdings. The main advantage to investors is that they get instant diversification and professional management of their money.
The differences:
Hedge funds are managed much more aggressively than their mutual fund counterparts.
Hedge funds are able to take speculative positions in derivatives such as options and have the ability to short sell stocks.
it means that it's possible for hedge funds to make money when the market is falling.
Mutual funds,are not permitted to take these high-risk positions and are typically safer as a result.
Hedge funds are only available to a specific group of investors with high net worth.while any person can buy the mutual fund.
Four Big Investor Errors
Four Big Investor Errors
Whether you need to cut your losses or take a profit, read on for some simple tips you can use to help you decide whether to sell.
Great Stock, Battered Sector
Traders/Investors often face the difficult decision to sell a stock that they feel is the best in the market.
When a bear market occurres even Profitable companies with solid business structures will be severely devalued as well.
Lesson: If you own a stock in a sector that is being battered, you should consider selling because even good companies aren't safe from the roar of the "bear". Buying and selling stock today is easier than ever and relatively cheap.
Emotional Attachment
If you become emotionally attached to your stocks, you'll end up paying with losses.
Part of the reason good investors fall prey to this trap is that they put so much work into finding the "right" stock.
Investors should love a stock when it's making money; when it isn't, cut it loose!
Lesson: Emotional attachment to stocks is nothing more than human nature and wanting to be right. Do you want to be right - or rich?
Unrealized Profits
A profit isn't a profit until you've taken it off the table.
Many investors like to inflate their egos by viewing their stocks online and relishing how much money they've made. In reality, you haven't made a penny until you press the "sell" button.
When a stock is shooting for the moon, you may begin to sense it's out of control and you're beginning to wonder just how much higher it can possibly go.
This many be a good time to go for the "sell one-third" or "sell half" rule. This way, you can take some profit off the table and also keep some stock on the table so that if your stock does hit the moon, you won't be left kicking yourself for selling out of your position.
Lesson: Although the tax rate is substantially steeper for taking a profit if you've held the stock for less than a year, it's often better to have part of something than to risk having less - or nothing - once the year is through.
When to Sell
The real secret to knowing when to sell is to read, read, read - and then read some more. We're all busy, but take a few minutes out of the day or week to know what's going on with the market, with the economy and with your stocks in particular. Reading is like insurance: the more you know, the more you are protected.
Lesson: If you have your strategy firmly in place, one simple piece of information can give you the power you need to take action, take a profit or prevent a loss.
Conclusion
There is no exact science to knowing when to sell, only indicators that can give us clues. Learning from the mistakes of others is a great strategy for avoiding making those same mistakes yourself.
If a solid company has a downward spiraling stock price, look for clues as to why and find out what is happening within that sector.
Remember to keep a clear head when evaluating stocks and don't become emotionally attached to them. There are many factors that affect the financial markets, but if you're willing to put in the time and effort to read and research your investments you will be well prepared to take profits and avoid losses.
Interest rates
When the Central Bank(RBI) meets to decide on interest rates,it has significant effect on the stock markets.
When the Central Bank(RBI) is expected to bring interest rate cuts or increases,it is wise, as a stock investor, to be aware of the potential effects behind such decisions. Although the relationship between interest rates and the stock market is fairly indirect, the two tend to move in opposite directions.
A decrease in interest rates means that those people who want to borrow money enjoy an interest rate cut.
But this also means that those who are lending money, or buying securities such as bonds, have a decreased opportunity to make income from interest.
If we assume investors are rational, a decrease in interest rates will prompt investors to move money away from the bond market to the equity market.
At the same time, businesses will enjoy the ability to finance expansion at a cheaper rate, thereby increasing their future earnings potential, which, in turn, leads to higher stock prices. Investors and economists alike view lower interest rates as catalysts for expansion.
The unifying effect of an interest rate cut is the psychological effect it has on investors and consumers; they see it as a benefit to personal and corporate borrowing, which in turn leads to greater profits and an expanding economy.
Forces Behind Interest Rates
An interest rate is the cost of borrowing money.it is the compensation for the service and risk of lending money.
Lenders and Borrowers
The lender of money is taking a risk that the borrower may not payback the loan. Thus, interest provides also a certain compensation for bearing risk.
Coupled with the risk of default is the risk of inflation. When you lend money now, the prices of goods and services may go up by the time you are paid back your money, whose original purchasing power would have decreased. Thus, interest protects against future rises in inflation. A lender such as a bank uses the interest to process account costs as well.
The borrowers pay interest because they must pay a price for gaining the ability to spend now as opposed to having to wait years and years to save up enough money.
Interest can thus be considered a cost for one entity and income for another. Interest is the opportunity cost of keeping your money as cash under your mattress as opposed to lending. If you borrow money, then the interest you have to pay is less than the cost of forgoing the opportunity to have the money in the present.
How Interest Rates Are Determined
Supply and Demand
Interest rate levels are a factor of the supply and demand of credit(for eg.credit = home loans,vehicle loans), an increase in the demand for credit(loans) will raise interest rates, while a decrease in the demand for credit will decrease them.
Conversely, an increase in the supply of credit will reduce interest rates while a decrease in the supply of credit will increase them.
The supply of credit(loans) is increased by an increase in the amount of money made available to borrowers.
For example, when you open a bank account, you are actually lending money to the bank.Depending on the kind of account you open , the bank can use that money for its business and investment activities.
In other,words the bank can lend out that money to other customers. The more banks can lend, the more credit(loans) is available to the economy. And as the supply of credit(loans) increases, the price of borrowing (interest) decreases.
Inflation
Inflation will also affect interest rate levels. The higher the rate of inflation, the more interest rates are likely to rise. This occurs because lenders will demand higher interest rates as compensation for the decrease in the purchasing power of the money they will be repaid in the future.
Government
The government has a say in how interest rates are affected. The Central banks (the US Fed or RBI) often comes with out announcements about how monetary policy will affect interest rates.
The Central banks(Call or money market) rate, or the rate that institutions charge each other for extremely short-term loans, affects the interest rate that banks set on the money they lend; the rate then eventually trickles down into other short-term lending rates.
When the government buys more securities, banks are injected with more money than they can use for lending, and the interest rates then decrease. When the government sells securities, money from the banks is drained for the transaction, rendering less funds at the banks' disposal for lending, forcing a rise in interest rates.
Conclusion
As interest rates are a major factor of the income you can earn by lending money, of bond pricing,and of the amount you will have to pay to borrow money, it is important you understand how prevailing interest rates change: primarily by the forces of supply and demand, which are also affected by inflation and monetary policy.
Excerpts,contents Re-edited by me and with contents courtesy-Investopedia
Operators
Operators: Friend or Foe?
Have you ever wonder, When u place an order with the stockbroker and within seconds it is executed, how this is possible.?
This is where the Operator uncle comes in!!..yes heard right Operators. They cannot be avoided, but if you know how they work, you can watch them buying and selling in the market.
The Operator is like a wholesaler. Customers come and go all day long, some selling stocks, others with new purchases from 10.00 am until 3.30 pm every trading day . The difference is that this wholesaler has only one item to trade. These items are continually bought and sold. The only responsibility that the wholesaler has, it that he must keep his doors open during market hours, and he is responsible for setting the prices, second by second and hour by hour. He makes his money by buying stock at a lower price and selling at a higher price. He makes his money on the difference between the two, which is his profit. This may be few Rupees or in paises, but when you are dealing in lakhs of shares it is a vast amount of money.
what happens when a customer comes in for a large buy order (Block/Bulk Deal)?
if there are insufficient goods (or stocks) available. A normal wholesaler in the real business would buy in more goods from the manufacturer to fulfill the order.
Our Operator Uncle does not have this option, so he has to encourage people to sell to him, otherwise he will have nothing to offer his Big customers. So what does he do? He moves his prices down side,i.e.yes at Lower circuit.!!
It also explains why markets fall faster than they rise - in the fall the wholesaler is in a hurry to get new supplies of goods, on the way back up he is taking his time making profits. This technique is known as 'shaking the tree'.
The Operator is of course the market maker. They are professional traders who buy and sell. Some are large international banking organizations, some household names, others you will never hear of.
As professional traders they sit in the middle of the market, looking at both sides of the market. They will know precisely the balance of supply and demand at any point of time.
They also have the unique advantage of being able to set their prices accordingly.
They use every piece of news, world event, rumour and gossip to manipulate prices and the markets, there is one piece of information that they cannot hide.i.e Volume. It shows the activity of operators during the particular time period, that’s why you should not take Volume lightly!
what is a recession?
what is a recession, and what does it mean for stocks?
The answers may surprise you....
What goes up must come down.
A recession is the period between a peak of economic activity and a trough. Recessions typically last between six and 18 months, and they're a perfectly natural part of the business cycle. A recession does not mean that economic growth has stopped, it merely means that it has slowed down.
To determine whether the economy is in recession, the National Bureau of Economic Research (NBER) analyzes changes in factors such as gross domestic product, personal income, employment, industrial production, and retail sales volume. There is no fixed rule for how the different indicators are weighed.
It takes time for the NBER to collect and analyze this economic data. By the time it's determined that the country is in a recession, odds are that the economy is already close to recovering.
Stocks can also go up in a recession?
Since 1945, there have been 11 recessions lasting an average of 10 months each. But according to a recent article from Hulbert, during these recessions, the stock market actually rose seven times and the average market return during all 11 recessions was 3%!
Meanwhile, quality companies with strong balance sheets, solid free cash flow, and shareholder-friendly management actually prospered during this period.
A drop in the markets can be frightening, but it shouldn't make you sell. You buy a stock, it's because you think that the stock is worth more than its current price. If the stock falls, but nothing else has changed, then it has become a better deal because it's cheaper. So you should be thinking about buying, not selling, at times like these.
Successful value investors like Warren Buffett act this way. He doesn't panic and dump shares when the market falls, but rather looks upon the drop as a buying opportunity.
Concentrate on finding the types of stocks that will perform well in any economic environment.
Futures and Hedge
Futures and Hedge
For eg
If you buy 100 Infosys Oct'07 futures for say Rs 1900 and you expect go to 2,000 - you will make a profit of ( 100*100) = 10,000.
However - u will lose a HUGE amount if Infosys tanks to Rs 1600 ( 100*300= 30,000) .
You can hedge yourself by buying a PUT option of infosys at say 1950 at Rs 30 at the cost of Rs 3000 .
The profit that you make when Infosys touches 2000 will be (10,000 - 3000).=7000
However - if the Infosys tanks to Rs 1600 - then your Put Option will be worth ( (1950-1600)*100 less premium paid 3000 ) = 32000 profit,while u wud have limited your futures 30000 loss with a risk free profit of 2000
Same can be done by selling a stock futures ( = Short Futures) and then buying a CALL option to hedge against price of shares going up.
If stock tanks - you make a lot of money, since u already sold futures at high rate.
Avoid buying or selling futures without a hedge,as it can/will lead to bankruptcy.
Put-call ratio (PCR)
Put call ratio (PCR), which is the number of put options divided by the number of call options, is a popular sentiment indicator of option traders worldwide.
For starters, a put option allows the buyer the right, but not the obligation to sell a contract to the writer (seller), while a call option gives the buyer the right, but not the obligation to buy a contract from the writer.
When an investor buys a put option, it means he expects the markets to fall.
When an investor buys a call option, he expects the market to rise.
So, a rising PCR would mean investors are buying more puts or reducing calls.
And a falling PCR would indicate that call options are being added and put options being reduced.
This plunge reflects a bullish sentiment, as the put-call ratio is one of the best gauges to judge oversold (too bearish) or overbought (too bullish) zones.
Open interest (OI) and stock price
The End of Day(EOD) Open interest is a signal.
In a bullish market, OI tends to be high, bcoz there has been an large no.of interest in the F&O segment than cash
Close to Settlement/Expiry, High OI suggests that there will be high carry-over to next month and which shows bullish market.
If open interest is rising and stock price is also rising, bulls are adding positions
If open interest is falling and stock price is also falling, bulls are booking profits.
If open interest is rising and stock price is falling, bears are shorting.
If open interest is falling and stock price is rising, short covering is taking place.
Spot volumes:A rising price shud always be backed by high volumes,it means there is no end to demand as price rises.
At near market peak,spot volumes usually decline and start thinning out-this signals the demand is declining.
Breadth: A market where breadth is strong is a healthy bull mkt.
Near mkt peak, trading interest tends to decline, and declining shares start to outnumber advancing ones.
Depth:As price flucuate,so do trading volumes. In a mkt with a good depth,a price fluctuation will not lead to a instant loss of volume.
For eg.A Rs.100 share sees a volumes of 200,000.
If prices rises to Rs110,or drops to Rs.90,and it volumes remain constant,we say that it is deep market.
Near a mkt peak, small price changes leads to large volume changes.
Sunday, May 25, 2008
Bafna Pharmaceuticals Ltd.
Bafna Pharmaceuticals Ltd.
Bafna Towers, No. 299, Thambu Chetty Street, Chennai (Madras), Tamil Nadu - 600001
Phone: 25267517 / 25270992 Fax: 25231264
Public Issue of 64,00,000 equity shares
of Rs 10 each for cash at a
premium of Rs 30 per share.
Issue details
Issue open Issue close
27 May, 2008 30 May, 2008
Issue price (Rs) Total size (Rs)
40.00 25.60 Crores
QIB Non-Institutional Retail Employee
- - 64,00,000 -
Lead Managers Registrar
KEYNOTE CORPORATE SERVICES LTD
CAMEO CORPORATE SERVICES LTD
Subramanian Building, No.1, Club House Road, Chennai (Madras), Tamil Nadu - 600002
Phone: 28460390 Fax: 28460129
Niraj Cement Structurals Ltd.
Niraj Cement Structurals Ltd.
Niraj House, Sunder Baug, Opp. Deonar Depot, Mumbai, Maharashtra - 400088
Phone: 25513750/ 25513541 Fax: 25518736
Public Issue of 32,50,000 equity shares
of Rs 10 each for cash at a
premium of Rs 180 per share.
Issue details
Issue open Issue close
26 May, 2008 30 May, 2008
Issue price (Rs) Total size (Rs)
190.00 61.75 Crores
QIB Non-Institutional Retail Employee
14,62,500 4,38,750 10,23,750 3,25,000
Lead Managers Registrar
ALLBANK FINANCE LTD
INTIME SPECTRUM REGISTERY LTD
C-13, PANNALAL SILK MILLS COMPOUND, LBS MARG. KANTILAL MAGANLAL INDUSTRIAL ESTATE, BHANDUP (W), Mumbai, Maharashtra - 400078
Phone: 25960320 (9 lines) Fax: 25960329/28
Coming soon
Company Open Date Close Date Issue Price (Rs)
Niraj Cement Structurals Ltd. May 26, 08 May 30, 08 190.00
Bafna Pharmaceuticals Ltd. May 27, 08 May 30, 08 40.00
Andrew Yule & Co (Code: 526173)
Andrew Yule & Co (Code: 526173) will b Relisted from Monday, May 26, 2008 with FV Rs.2/- from earlier Rs.10/-
Centurion Bank of Punjab
Trading in shares of Centurion Bank of Punjab will b suspended w.e.f. 9 June 2008
Karnataka Polls - BJP Leads
BJP emerges winner in Karnataka polls. Sonias Congress and Gowdas JDS looses peoples support.
Parties Results
BJP+ 110
Cong+ 80
JD(S) 28
IND & Oth 06
Total 224
TIPS FOR DAY TRADERS
TIPS FOR DAY TRADERS
1) If you are getting profit then please do book your profit first. Do not wait for more profit.
2) Do not wait or keep any trade more than 1:30hours. First book the profit or loss & then do new trade.
3) If advance Shares are more than Decline Shares then never make short position.
4) When you see that Numeric of Decline Shares is increasing means”GIRNE WALE SHARES” on that time short the position in Nifty.
5) Many times I saw that, only on the basis of day Trade Shares or depends only on Future’s Window short or buy position have been done by many Traders. But if sellers stand in more numbers then do not do any short position, first do wait and watch the shares rate & now do your position short on Higher Level Rates. Same as above if Buyers stand in more quantity wait for some time & when rates of the shares are coming lower, on that time you just buy.
6) If any Shares & Future Scripts do trade up to the 10 minutes of Crucial Point, that time should be buy & book the profit on R1-R2. When you are going to short the position do trade down to the 10 minutes of Crucial Point (According to below) & book the profit on S1-S2.
7) Always keep stop loss on Crucial Point.
8) If any Shares do trade on the 5DMA then be buy on that time but first see Crucial point.
9) If any shares do trade under the 5DMA, just do short the position but first see the Crucial Point carefully.
10) Never over the position for any greediness.
11) Do trade only depends on your capability.
12) Your money is only yours, don’t turn it into loss.
13) Safe & profitable trading is that should be do 1 or 2 trade only in a day & if you are getting profit of Rs. 500/- to 1000/-, you can hold this trade or you can keep it for Delivery base.
14) Please listen & watch carefully that whole profit is not only for yours.
15) You cannot catch Higher Level & the Bottom Level, so please be carefully always.
Note: If you will do trade according to these above tips, you will never take any losses in future.
Ex-Date 3-Jun-08
Punjab Tractors Limited 03-JUN-08 50% Dividend & A.G.M.
Swaraj Engines Limited 03-JUN-08 A.G.M. & 50% Dividend
Jhagadia Copper Limited 03-JUN-08 A.G.M.
Ex-Date 2-Jun-08
Monsanto India Limited 02-JUN-08 1800% Second Interim Dividend
Tribhuvan Housing Limited 02-JUN-08 Stock Split from Rs.10/-to Rs.5/-
Ex-Date 30-May-08
Accel Frontline Limited 30-MAY-08 INTERIMDIVIDEND-15%
Aplab Limited 30-MAY-08 A.G.M. & 25% Dividend
DIC India Limited 30-MAY-08 A.G.M. & 35% Dividend
G T L Limited 30-MAY-08 A.G.M. & 30% Dividend
Jyoti Structures Limited 30-MAY-08 40% Dividend & A.G.M.
Raymond Limited 30-MAY-08 25% Dividend & A.G.M.
Reliance Power Limited 30-MAY-08 BONUS3:5
T R F Limited 30-MAY-08 100% Dividend & A.G.M.
ING Vysya Bank Limited 30-MAY-08 A.G.M. & 15% Dividend
Ex-Date 29-MAy-08
A S M Technologies Limited 29-MAY-08 A.G.M. & 7.5% Dividend
Allahabad Bank 29-MAY-08 AGM/DIVIDEND-30%
Bank Of Maharashtra 29-MAY-08 AGM/DIVIDEND-20%
Bata India Limited 29-MAY-08 AGM/FINDIV-15%+ADDIV-5%
Industrial & Prudential Investment Company Limited 29-MAY-08 120% Dividend & A.G.M.
Infosys Technologies Limited 29-MAY-08 AGM/DIV-145%+SPLDIV-400%
Chennai Petroleum Corporation Limited 29-MAY-08 50% Interim Dividend
Punjab National Bank 29-MAY-08 130% Dividend & A.G.M.
Reliance Petroleum Limited 29-MAY-08 ANNUALGENERALMEETING
Sonata Software Limited 29-MAY-08 AGM/DIVIDEND-60%
State Bank Of India 29-MAY-08 215% Dividend & A.G.M.
Surana Corporation Limited 29-MAY-08 A.G.M. & 12% Dividend
Ex-Date 28-May-08
Andhra Pradesh Paper Mills Limited 28-MAY-08 A.G.M. & 10% Dividend
Federal-Mogul Goetze (India) Limited 28-MAY-08 A.G.M.
Gujarat J H M Hotels Limited 28-MAY-08 Annual Book Closure
Hindustan Construction Company Limited 28-MAY-08 AGM/DIV-RE.0.80PERSHARE
Stovec Industries Limited 28-MAY-08 32% Dividend & A.G.M.
Surana Industries Limited 28-MAY-08 15% Dividend & A.G.M.
Ex-Dates 27-May-08
Bharat Seats Limited 27-MAY-08 A.G.M.
Franklin Templeton Capital Protection Oriented Fund 27-MAY-08 DIVIDEND-3%
Saturday, May 24, 2008
MCX SPOT Closing Rate 24-May-08
SPOT Closing Rate
GOLD-925.35
SILVER-18.22
CRUDE/USA-131.73
CRUDE/BRENT-131.90
INR-42.70
EUR-1.5763
GBP-1.9802
JPY-103.39
Ex-Date 26-May-08
A B B Limited 26-MAY-08 110% Dividend & A.G.M.
Eicher Motors Limited 26-MAY-08 AGM/DIVIDEND-50%
Bulk Deals 23-May-08
BULK DEAL BSE
Deal Date Company Name Client Name Deal Type Quantity
Price
Deal Trade
23-MAY-08 Aishwarya Telecom Limited MANISH V SARVAIYA Buy 116864 101.8 101.3
23-MAY-08 Aishwarya Telecom Limited MANISH V SARVAIYA Sell 116864 101.74 101.3
23-MAY-08 Aishwarya Telecom Limited MATRIX EQUITRADE PVT LTD Buy 65612 101.04 101.3
23-MAY-08 Aishwarya Telecom Limited MATRIX EQUITRADE PVT LTD Sell 65612 100.97 101.3
23-MAY-08 Aishwarya Telecom Limited N D NISSAR Buy 90374 101.5 101.3
23-MAY-08 Aishwarya Telecom Limited N D NISSAR Sell 90374 101.64 101.3
23-MAY-08 Aishwarya Telecom Limited PREM MOHANLAL PARIKH Buy 100000 101 101.3
23-MAY-08 Aishwarya Telecom Limited S. M. NISSAR Buy 307357 101.82 101.3
23-MAY-08 Aishwarya Telecom Limited S. M. NISSAR Sell 307357 102.01 101.3
23-MAY-08 Aishwarya Telecom Limited SANJAY KUMAR YADAV Buy 64475 101.07 101.3
23-MAY-08 Aishwarya Telecom Limited SANJAY KUMAR YADAV Sell 64475 101.64 101.3
23-MAY-08 Aishwarya Telecom Limited SMITA VILAS MARATHE Buy 331275 100.91 101.3
23-MAY-08 Aishwarya Telecom Limited SMITA VILAS MARATHE Sell 331275 101.35 101.3
23-MAY-08 Anjani Synthetics Limited NILESH RASIKLAL PANDYA Buy 128017 46.87 47.5
23-MAY-08 Computer Point Limited ANOOP NOPANY Sell 66000 5.1 4.82
23-MAY-08 Contil India Limited SAURBH MOHAN Buy 21890 11.09 10.13
23-MAY-08 Tulip Star Hotels Limited MANISH MEHTA Buy 42865 230.54 231.45
23-MAY-08 Cybermate Infotek Limited S V ENTERPRISES Buy 1852143 6.49 6.02
23-MAY-08 Cybermate Infotek Limited S V ENTERPRISES Sell 2770109 6.44 6.02
23-MAY-08 Chennai Meenakshi Multispeciality Hospital Limited SHILPA S MORAKHIA Sell 41864 20.98 19.4
23-MAY-08 DMC International Limited HITECH COMPUTECH PRIVATE LTD Buy 21100 13 12.84
23-MAY-08 DMC International Limited HITECH COMPUTECH PRIVATE LTD Sell 35000 13.05 12.84
23-MAY-08 DMC International Limited J A FINANCIAL AND MANAGEMENT CONSULTANTS PVT LTD Buy 25000 13.05 12.84
23-MAY-08 Gee Kay Finance & Leasing Company Limited CRESTA FUND LTD Buy 150000 69.45 68.1
23-MAY-08 Gee Kay Finance & Leasing Company Limited SUYASH SINGHAL Sell 30000 69.08 68.1
23-MAY-08 Gemstone Investments Limited BHAVESH PRAKASH PABARI Sell 25000 22.56 21.95
23-MAY-08 Gemstone Investments Limited MALA H SHETH Buy 20000 22.55 21.95
23-MAY-08 H F C L Infotel Limited MANOHAR MANAK ALLOYS PVT.LTD Buy 260562 19.81 19.7
23-MAY-08 H F C L Infotel Limited NIRMALA ASHOK SETH Sell 260562 19.81 19.7
23-MAY-08 Koffee Break Pictures Limited LAXMI CAP BROKING PVT LTD Buy 64884 24.19 23.6
23-MAY-08 Koffee Break Pictures Limited LAXMI CAP BROKING PVT LTD Sell 50895 23.67 23.6
23-MAY-08 Radha Madhav Corporation Limited INDIASTAR MAURITIUS LIMITED Sell 143861 59.62 58
23-MAY-08 Sita Shree Food products Limited N D NISSAR Buy 204093 49.89 48.8
23-MAY-08 Sita Shree Food products Limited N D NISSAR Sell 204093 49.8 48.8
23-MAY-08 Stelco Strips Limited SPJSTOCK Buy 55258 46.23 44.9
23-MAY-08 Stelco Strips Limited SPJSTOCK Sell 55258 46.53 44.9
23-MAY-08 Marksans Pharma Limited SHRADHA TRADELINKS PVT LTD Buy 1800000 21.15 21.15
23-MAY-08 Transpek Industry Limited RUCHIT B PATEL Buy 43000 82 75.45
23-MAY-08 Tribhuvan Housing Limited CRESTA FUND LTD Buy 52000 80.92 81
23-MAY-08 Tribhuvan Housing Limited UNIVERSAL CREDIT Sell 40000 80.9 81
23-MAY-08 Well Pack Papers & Containers Limited DEVENDRA SURESH GUPTA Buy 60000 67.89 67.82
23-MAY-08 Well Pack Papers & Containers Limited N C JAIN Buy 90516 67.61 67.82
23-MAY-08 Well Pack Papers & Containers Limited N C JAIN Sell 90516 66.81 67.82
BULK DEAL NSE
Deal Date Company Name Client Name Deal Type Quantity
Price
Deal Trade
23-MAY-08 Jyothy Laboratories Limited TEMPLETON MUTUAL FUND A/C FLEXI CAP FUND Sell 135678 535 540.95
23-MAY-08 Kiri Dyes and Chemicals Limited ELARA INDIA OPPORTUNITIES FUND LIMITED Buy 381140 165.44 166.5
23-MAY-08 Ispat Industries Limited JAYPEE CAPITAL SERVICES LTD. Buy 7445046 35.25 34.2
23-MAY-08 Ispat Industries Limited JAYPEE CAPITAL SERVICES LTD. Sell 7623861 35.36 34.2
23-MAY-08 S E L Manufacturing Company Limited DKG SECURITIES PVT LTD. Buy 179799 474.95 479.7
23-MAY-08 S E L Manufacturing Company Limited DKG SECURITIES PVT LTD. Sell 134677 480.38 479.7
23-MAY-08 S E L Manufacturing Company Limited DKG SECURITIES PVT. LTD. Buy 95274 476.18 479.7
23-MAY-08 S E L Manufacturing Company Limited DKG SECURITIES PVT. LTD. Sell 95274 481.8 479.7
23-MAY-08 Sita Shree Food products Limited AMBIT SECURITIES BROKING PVT. LTD. Buy 260304 49.59 48.8
23-MAY-08 Sita Shree Food products Limited AMBIT SECURITIES BROKING PVT. LTD. Sell 260298 49.54 48.8
23-MAY-08 Sita Shree Food products Limited DIPAK RAMANBHAI RATHOD Buy 163009 47.56 48.8
23-MAY-08 Sita Shree Food products Limited DIPAK RAMANBHAI RATHOD Sell 163009 50.27 48.8
23-MAY-08 Sita Shree Food products Limited GOPAL TRADERS Buy 115500 47.63 48.8
23-MAY-08 Sita Shree Food products Limited GOPAL TRADERS Sell 11880 47.15 48.8
23-MAY-08 Sita Shree Food products Limited TRANSGLOBAL SECURITIES LTD. Buy 157921 49.26 48.8
23-MAY-08 Sita Shree Food products Limited TRANSGLOBAL SECURITIES LTD. Sell 157951 49.34 48.8
23-MAY-08 Sita Shree Food products Limited UDDHAO RASHMI SANDEEP Buy 120510 49.52 48.8
23-May-08 BSE Sensex Gainers/Losers
Top Gainers (23-May 16:02 IST)
Company Price(Rs) % Chg
BHARTI TELE 836.80 2.35
HOUS DEV FIN 2678.30 1.96
HIND UNI LT 235.75 0.32
H D F C BANK 1383.35 0.25
CIPLA 203.50 0.20
Top Losers (23-May 16:02 IST)
Company Price(Rs) % Chg
I T C 213.60 -4.24
TATA MOTORS 637.85 -3.57
JAIPRAK ASSO 237.65 -3.43
LARSEN & TOU 2844.75 -2.47
RELIANCE ENR 1291.00 -2.42
Friday, May 23, 2008
19-23 May-08 - Weekly Close
Sensex lost 4.5% and the Nifty, 4.1%. CNX Midcap index shed 3% and BSE Smallcap index, 1.2%, over the week. Sector-wise, BSE Bankex was down 7.8%, BSE FMCG index lost 5% and BSE Capital Goods index lost 4% over the last four trading sessions.
23-May-08 Close
Sensex closed at 16,658, down 248 points (provisional) from the previous close. Nifty shut shop below 4950 at 4948, down 76 points (provisional).
Moser Baer Solar PLC
Moser Baer Solar PLC, a subsidiary of the Moser Baer plans to raise an amount equivalent to USD 150 Million and the Board of the Company has given their consent to do the same.
Empee Distallaries
Buy Empee Distallaries @161 target 250 ... it has isssued shares @400/- and got oversubscribed 28 times in december
Empee Distilleries is developing part of its 20.88 acres freehold property located at Sriperumbudur, Kanchipuram District, into 12.23 lakh sq. ft. of residential space and 3 lakh sq. ft. of basement. This project was approved by DTCP in March 2007 and hence eligible for deduction under Section 80-IB of the Income Tax Act. This would make the company eligible for 100% tax exemption on the profits to be earned from development of this property. The project has 840 flats and estimated selling price is around Rs.2,850 per sq. ft. in addition to realization of Rs.1,000 per sq. ft. for basement. Considering cost of construction and development of Rs.1,500 per sq.ft., this would translate into a profit of Rs.195 crores which would get realized in the next three years by September 2010.
The company hopes to have a topline of about Rs.1,100 crores with PAT of atleast Rs.48 crores. Of this PAT, realty division would give Rs.12 crores, IMFL Business Rs.32 crores and Power Rs.4 crores. This would result into an EPS of Rs.25 for FY 08, ending 30th September.
Empee distillaries had issued shares at Rs.400 per share, which is now ruling at Rs.162, discounting FY 08 earning by about 6 times and FY 09 earning by about 4 times. Due to strong visibility of earnings for the next couple of years, the share has huge upside potential.
Empee distillaries is now expanding capacity its Tamil Nadu Distillery from 20 KLPD to 70 KLPD with capacity to handle 5 lakh cases per month, from present 3.20 lakh cases per month. The company is also setting up 60 KLPD grain based Distillery with capacity of 8.40 lakh cases per annum at Nellore in A.P. and a distillery in Karnataka for 12 lakh cases per year. This would give presence to the company in all four Southern states.
Bajaj Auto Limited
Bajaj Auto Limited - ( Listing Date : Monday, May 26, 2008 ) BSE Scrip Code : 532977 Group : B NSE Symbol : BAJAJ-AUTO Face Value & Paid up value : Rs.10/- each fully paid Bajaj Finserv Limited - ( Listing Date : Monday, May 26, 2008 ) BSE Scrip Code : 532978 Group : B NSE Symbol : BAJAJFINSV Face Value & Paid up value : Rs.5/- each fully paid Rohan Mehta
FIIs remain net sellers in equities worth Rs 5,507 mn on May 22
Foreign institutional investors (FIIs) remained net sellers in equities worth Rs 5,507 million on May 22. They bought equities worth Rs 22,260 million and sold equities worth Rs 27,767 million. Till May 22, they have been net sellers in equities worth Rs 11,394 million.
FIIs were absent in debt segment on May 22. Till May 22, they have been net sellers in debts worth Rs 179 million.
FIIs remained net sellers in derivatives worth Rs 5,158.2 million on May 22. They bought derivatives worth Rs 20,844.5 million and sold derivatives worth Rs 26,002.7 million.
MFs turn net sellers in equities worth Rs 922 mn on May 22
MFs turn net sellers in equities worth Rs 922 mn on May 22.
They bought equities worth Rs 5,488 million and sold equities worth Rs 6,409 million. Till May 22, they have been net sellers in equities worth Rs 7,283 million.
MFs remained net sellers in the debt segment worth Rs 5,632 million on May 22. They bought debts worth Rs 14,920 million and sold debts worth Rs 9,288 million.
Till May 22, they have been net buyers in debts worth Rs 61,000 million.
Thursday, May 22, 2008
TOP 20 EQUITY FUNDS - May 08
TOP 20 EQUITY FUNDS.... WINNERS CHANGE!!!
Last 1 Year
Scheme Name Returns % CAGR.
Reliance Diversified Power Sector Fund .......76.88
DWS Investment Opportunity ..........................51.08
Reliance Regular Savings Equity ...................49.86
ICICI Prudential Infrastructure ........................49.66
Standard Chartered Premier Equity ..............49.25
Taurus Discovery Stock ...................................46.65
Reliance Banking Sector ..................................45.05
DBS Chola Opportunities .................................43.75
Canara Robecco Infrastructure........................41.85
SBI Magnum Comma ........................................41.45
Sundaram BNP P. Capex Opportunities-D ....41.40
Sundaram BNP.P. S.M.I.L.E. ..........................41.19
Tata Infrastructure .............................................40.38
J.M. Financial Services Sector .......................40.22
Sundaram BNP P. Capex Opportunities-G ....40.20
BOB Growth .......................................................38.35
J. M. Basic.........................................................37.47
Kotak Opportunities ..........................................37.01
DWS Alpha Equity.............................................35.83
Escorts Growth ..................................................33.98
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Last 2 Years
Scheme Name Returns % CAGR
Reliance Diversified Power Sector Fund .......49.93
Reliance Banking Sector Fund ........................36.21
ICICI Prudential Infrastructure ........................35.50
Reliance Regular Savings Equity -G ..............35.18
DBS Chola Opportunities .................................34.73
UTI Banking Sector ...........................................32.76
Standard Chartered Premier Equity Fund ......29.30
DWS Investment Opportunities .......................29.12
J. M. Basic.........................................................28.35
Birla Sun Life Frontline Equity ........................26.99
Tata Infrastructure .............................................25.53
DSP Merill Lynch Technology.com ................24.70
DSP Merill Lynch Top 100 Equity ..................23.83
DSP Merill Lynch India T.I.G.E.R. .................23.80
HDFC Growth ....................................................23.65
Reliance NRI Equity..........................................23.57
DSP Merill Lynch Equity ..................................23.45
HSBC Equity ......................................................23.26
Tata Equity P/E .................................................23.25
Taurus Starshare ...............................................22.94
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Last 3 Years
Scheme Name Returns % CAGR.
Reliance Diversified Power Sector Fund .......64.75
DSP Merill Lynch India T.I.G.E.R. .................45.64
Tata Infrastructure .............................................45.31
Sundaram BNP P. Select Focus ....................44.86
SBI Magnum Contra..........................................44.80
DWS Investment Opportunity ..........................44.10
Kotak Opportunities ..........................................43.72
DSP Merill Lynch Equity ..................................43.39
UTI Infrastructure ..............................................43.18
SBI Magnum Multiplier .....................................43.05
Taurus Starshare ...............................................43.86
ICICI Prudential Dynamic.................................42.69
Kotak - 30 ...........................................................42.68
DSP Merill Lynch Top 100 Equity ..................42.55
Reliance Growth .................................................42.00
Sundaram BNP P. Select Mid Cap ................41.06
Franklin India Opportunity ................................40.10
DBS Chola Opportunities .................................40.08
Birla Sun Life Frontline Equity ........................40.06
HDFC Top - 200 ................................................39.65
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Last 5 Years
Scheme Name Returns % CAGR
SBI Magnum Comma ........................................65.09
Reliance Growth .................................................64.97
SBI Magnum Global ..........................................62.95
Sundaram BNP P. Select Mid Cap ................60.86
SBI Magnum Multiplier Plus ............................58.82
Tata Equity Opportunities ................................58.18
DSP Merill Lynch Equity Fund ........................56.40
HSBC Equity ......................................................56.09
Birla Sun Life Equity ........................................55.98
Tata Pure Equity ...............................................55.87
HDFC Top-200 ...................................................52.56
Birla Sun Life Mid Cap .....................................52.22
Tata Select Equity ............................................52.15
DSP Merill Lynch Opportunities ......................52.08
Reliance Vision ..................................................51.78
HDFC Growith Fund ..........................................51.66
Kotak-30 ..............................................................51.11
DSP Merill Lynch Top - 100 ............................50.65
DWS Alpha Equity.............................................50.34
HDFC Equity ......................................................49.98
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Risk Factors : Please refer the offer document before taking any investment decision. Past performance may or may not be sustained in the future.
SUNDARAM BNP PARIBAS SELECT THEMATIC FUNDS ENTERTAINMENT OPPORTUNITIES
NEW FUND OFFER OF THE MONTH
SUNDARAM BNP PARIBAS MUTUAL FUND’S
SUNDARAM BNP PARIBAS SELECT THEMATIC FUNDS ENTERTAINMENT OPPORTUNITIES
(A OPEN-END EQUITY SCHEME)
New Fund Offer Opened On : 24-04-2008
New Fund Offer Closes On : 20-05-2008
New Fund Offer at Rs. 10/- per unit. Plus applicable entry load.
Minimum Application for Rs. 5,000/-, thereafter in multiples of Re. 1/-
Entry Load : 2.25% for investment upto Rs. 5 crores
Exit Load : 1% if redeemed within 6 months from the date of allotment
0.50% if redeemed between 6 months & 12 months from
the date of allotment.
Asset Allocation Pattern :
65% - 100% - Equity & Equity Related Instruments pre-dominantly
in the targeted sector/theme.
0% - 35% - Equity & Equity Related Instruments of Other than
targeted sector/theme and also overseas securities.
0% - 15% - In Fixed Income & Money Market Instruments
Investment Objective : Would be to achieve long term capital appreciation
by investing primarily in the equity and equity related instruments of
companies that focus on opportunities in the entertainment business.
PERFORMANCE OF OTHER EQUITY SCHEMES OF SUNDARAM BNP P. MUTUAL FUND
Sr. Fund Scheme
No
Launch Since Last Last Last
Period Launch 1 year 2years 3years
1 . Sundaram BNP P. Capex Opp.- D Sep - ‘05 38.35 41.35 22.56 -
2 . Sundaram BNP P. Capex Opp.- G Sep - ‘05 38.15 40.38 22.62 -
3 . Sundaram BNP P. Growth Mar - ‘97 24.74 31.09 16.21 37.34
4 . Sundaram BNP P. Ind. Leadership Jun - ‘04 39.76 28.84 13.17 38.42
5 . Sundaram BNP P. Rural India Apr - ‘06 20.75 32.18 - -
6 . Sundaram BNP P. S.M.I.L.E Jan - ‘05 32.24 41.00 17.39 34.69
7 . Sundaram BNP P. Select Focus Jul - ‘02 43.24 34.37 21.57 43.35
8 . Sundaram BNP P. Select Mid Cap Jul - ‘02 50.70 18.98 15.60 40.64
RETURNS %
Please Draw Your Cheque In Favour of
“SBNP P ENTO”
SUNDARAM BNP PARIBAS SELECT THEMATIC FUNDS FINANCIAL SERVICES OPPORTUNITIES
NEW FUND OFFER OF THE MONTH
SUNDARAM BNP PARIBAS MUTUAL FUND’S
SUNDARAM BNP PARIBAS SELECT THEMATIC FUNDS FINANCIAL SERVICES OPPORTUNITIES
(A OPEN-END EQUITY SCHEME)
New Fund Offer Opened On : 17-04-2008
New Fund Offer Closes On : 14-05-2008
New Fund Offer at Rs. 10/- per unit. Plus applicable entry load.
Minimum Application for Rs. 5,000/-, thereafter in multiples of Re. 1/-
Entry Load : 2.25% for investment upto Rs. 2 crores
Exit Load : 1% if redeemed within 6 months from the date of allotment.
0.50% if redeemed between 6 months & 12 months from
the date of allotment.
Asset Allocation Pattern :
65% - 100% - Equity & Equity Related Instruments pre-dominantly
Indian companies relevant to the theme.
0% - 35% - Equity & Equity Related Instruments of Other than
targeted sector/theme and also overseas securities.
0% - 15% - In Fixed Income & Money Market Instruments
Investment Objective : Would be to achieve long term capital appreciation
by investing primarily in the equity and equity related instruments of
Indian engaged in the banking and financial services..
PERFORMANCE OF OTHER EQUITY SCHEMES OF SUNDARAM BNP P. MUTUAL FUND
Sr. Fund Scheme
No
Launch Since Last Last Last
Period Launch 1 year 2years 3years
1 . Sundaram BNP P. Capex Opp.- D Sep - ‘05 38.35 41.35 22.56 -
2 . Sundaram BNP P. Capex Opp.- G Sep - ‘05 38.15 40.38 22.62 -
3 . Sundaram BNP P. Growth Mar - ‘97 24.74 31.09 16.21 37.34
4 . Sundaram BNP P. Ind. Leadership Jun - ‘04 39.76 28.84 13.17 38.42
5 . Sundaram BNP P. Rural India Apr - ‘06 20.75 32.18 - -
6 . Sundaram BNP P. S.M.I.L.E Jan - ‘05 32.24 41.00 17.39 34.69
7 . Sundaram BNP P. Select Focus Jul - ‘02 43.24 34.37 21.57 43.35
8 . Sundaram BNP P. Select Mid Cap Jul - ‘02 50.70 18.98 15.60 40.64
RETURNS %
Please Draw Your Cheque In Favour of
“SBNPP FSO”
SEIBI PERMITS TO LAUNCH “REAL ESTATE MUTUAL FUNDS”
SEIBI PERMITS TO LAUNCH “REAL ESTATE MUTUAL FUNDS”
Stock Market regulator SEBI on Friday 25/04/2008, finally notified
the amended guidlines for “Real Estates Mutual Funds”.
All Mutual Funds can launch real estate schemes. But, if a corporate
is looking to launch such
product must posses & show
proof of 5 years experience in
real estate business. The
guidelines also suggest that the
Assets of Real Estate Schemes
be valued every quarter by two
v a l v e r s . However, net
asset values (NAVs) may have
to be declared on a daily basis,
since these schemes will be
close ended and listed on
r e c o n g n i s e d stock exchanges.
Retail investors now can invest in
Real Estate as an estate class,
which has a low co-relation with
equity & bonds and enjoy the benefits of asset class diversification.
They can now invest in real estate space with as low as a few thousands,
which previously has been preserve of HNIs with deep pockets.
SEBI has mandated that 35% of the Net Assets of the scheme should
be invested directly in real estate assets. The rest may be invested
in mortgage-backed securities, securities of companies engaged in
dealing in real estate assets or in undertaking real estate developmet
projects and other securities with overall limit of not less than 75%
of the net assets of the scheme.
SEBI has also imposed caps of investments in a single city, single
project & securities issued by sponsor or associate companies.
So, the investors have change to own a real estate with small amounts,
in line after “INFRASTRUCTURE FUNDS” and previously introduced
“REAL ESTATE INVESTMENT TRUSTS (REITs), a new asset class
of ‘REAL ESTATE MUTUAL FUNDS’.
Kotak FMP 15M Series 5 - New Fund
Scheme Details
Scheme opens on 16-APR-08
Scheme closes on 22-MAY-08
Objective Debt
Type Close
Information To generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.
Issue Price(Rs.) 10
Minimum Subscription For Retail Plan : Rs. 5000 and in multiples of Re. 1. For Institutional Plan : Rs. 5000000 and in multiples of Re. 1
Plans Available Retail and Institutional Plan. Both plan offers Growth Option and Dividend Option
Reliance Banking Exchange Traded Fund - New Fund
Scheme Details
Scheme opens on 12-MAY-08
Scheme closes on 30-MAY-08
Objective Equity
Type Open
Information
The investment objective of Reliance Banking Exchange Traded Fund (RBETF) is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the CNX Bank Index.
Issue Price(Rs.) 10
Minimum Subscription Rs. 5,000 and in multiples of Re. 1 thereafter.
Plans Available Dividend
JPT Securities
buy jpt securities ... @47.... 60 % has been aquired by nikhil gandhi @32 .... nikhil gandhi is right hand of mukesh ambani and has pioneered MUMBAI SEZ , chandigarh sez , PIPAV port , PIPAV shipyard ..he is the main man who look after mukesh ambani group's infrastructure foray .... open offer is @32 .... price target 2000 in 1 year
Issues Closed, yet to be Listed
Issue Name Sector Cut Off Price Retail Subscription (times) Likely Date of Listing
Vimal Oil & Foods Limited Food Products N/A N/A N/A
MindTree Limited IT 425 1.37 N/A
Broadcast Initiatives Limited Media and Entertainment 120 0.01 N/A
Idea Cellular Limited Telecom 75 3.87 N/A
Tubeknit Fashions Limited Textiles 108 0.21 N/A
Ammana Bio Pharma Limited Chemicals 14 0.37 N/A
SVPCL Limited Printing and Stationery 45 2.24 N/A
Gokul Refoils and Solvent Limited Food Products 195 5.59 N/A
Anu`s Laboratories Limited Chemicals 210 9.64 N/A
With Indian Oil [Get Quote], Hindustan Petroleum and Bharat Petroleum projected to lose Rs 200,000 crore (Rs 2,000 billion) in revenues on sale of petrol, diesel, domestic LPG and kerosene below import cost, industry sources said a hike in the range of Rs 2 to 5 per litre appears on the cards.
http://www.rediff.com/money/2008/may/22petro.htm
Petrol pice in India
The Cabinet headed by Prime Minister Manmohan Singh may meet on Friday to consider raising petrol and diesel prices among other measures to bailout state run firms that have been reeling under unprecedented high crude prices.
UTI plans to renew its $500mn IPO
India's second largest mutual fund firm- UTI Asset Management Company Pvt Ltd plans to renew its $500mn IPO, which has been delayed earlier this year due to heavy decline of the Indian stock market.
The UTI executives will meet investors next week to judge the market interest. They will meet in Mumbai on Monday and in Singapore on Tuesday followed tentatively by presentations in Hong Kong, London and New York.
Citigroup, Enam Securities and JM Financial are sponsoring the deal.
Wednesday, May 21, 2008
Mudra Melt
market up Mudra Down CMP 893 we short at 903
10 rs gain
anyone can book here
others can hold with sl of 903 (at cost)
Enjoy!!!!!!!!!!!!!!!!!!
Jaduuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu
This Miracle can happen in INDIA only 531612 KGN Ind 413402% made high of 49000 low 72 rs only
SEE 531612 IN BSE ....................... GET shOCKED no one see this scripttttttt 11.25 se 40k ek din main
look at bsecode 531612 , 14713 % UP
TRADE TO TRADE SCRIPT 40000 KA HIGH KYA MAZAK HAI YE MARKET KA KGN IND SEBI SOO RAHA HAI KYA? YA YE MARKET VIDIO GAME HAI
Jaduuuuuuuuuuuuuu
see KGN industries JADU Rs 72 ka low 9000 ka high currently trading at 8700 koi LAJ SHARAM SEBI GOVT KUCH HAI KE NAHI YE MARKET MAIN
RPL Book Profit
anyone can book profit in rpl 4 rs up
good for intra
HAPPY TRADING :D
other will hold with sl at cost
Mahindra and Mahindra (M&M)
Mahindra and Mahindra (M&M) is close to buying out partner Hitachi Metals’ stake in Mahindra Hinoday, a manufacturer of components for automotive, electronics, telecom and other sectors. M&M holds 66% in the Pune-based JV while Hitachi Metals owns the remaining 34% stake. M&M bought the stake in 2005 from DG Piramal, in what was then DGP Hinoday.
TATA Teleservices (TTSL)
TATA Teleservices (TTSL) will use its existing CDMA infrastructure and retail network for speedy rollout of GSM services across the country. TTSL has received start-up GSM spectrum in Tamil Nadu (including Chennai), Orissa and Kerala and is expected to receive GSM spectrum in the remaining circles later this year. The capex required for GSM launch will not be very high as the company will use its current active and passive infrastructure. TTSL, along with subsidiary Tata Teleservices (Maharashtra), has 13,500 towers across the country. GSM antennae can be mounted on these CDMA towers, which are already being shared with other operators. Public sector Bharat Sanchar Nigam (BSNL) is also in talks with TTSL for sharing infrastructure.
Mysore Petro Chemicals
Net profit of Mysore Petro Chemicals rose 581.47% to Rs 58.47 crore in the year ended March 2008 as against Rs 8.58 crore during the previous year ended March 2007.
HSBC - Currently the Indian crude basket is above USD 110/barrel and if these levels sustain or
move higher from here, the impact on the trade deficit will be significant. Our estimates
show that the current rise in crude basket (since Feb 08) has a potential to add USD 2
billion to our monthly trade deficit at current prevailing oil prices of USD 125 /barrel.
Cairn India
With the success of oil and gas discovery in Barmer region, Cairn India would now explore hydrocarbons in the Hadauti region’s Kota, Baran and Jhalawar districts from June 15 onwards. The Company has received green signal from the Union government. The company’s representative visited a number of places in this area over the last month and identified a number of places where search could be conducted.
Bharti Airtel
Bharti Airtel has forged an exclusive alliance with Indian Oil Corporation. This will enable the telco to access 18,000 retail outlets and 5,500 Indane cooking gas distributors of the oil giant. The deal also envisages that Airtel can use IOC outlets to sell its products, collect bills, set up PCO facilities and even open Bharti retail outlets on an exclusive basis. Besides, Airtel can also use IOC retail outlets for its branding exercise.
Suzlon Energy
Suzlon Energy, has lined up the funds required to increase its stake in the German wind power equipment manufacturer REpower Systems AG. The wind major will be acquiring the combined 53 per cent stake held by two other shareholders- French energy major Areva and Martifer, a Portugal-based real estate business group. While the exact price at which the shares will be bought out is not known, Tanti indicated that it would be close to €150, the price at which Suzlon had picked up a 34 per cent stake in RePower in May 2007.
Sensex heavyweights attracted selling pressure on weaker Asian markets while REality stocks lost ground after RBI government remarks on interest rates. Markets had an uninterrupted run last week rising from 4925 levels to reach highs at 5170. The indices could move in a ranged manner and dance to global tunes but stock selective action would continue for this week. The levels of 5020-5025 are support zones while a move over 5160-5165 could take the indices higher to 5200+ levels for the day.
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