Tuesday 31 December 2013

Intraday calls for 31-12-2013

Markets likely To open Flat,support for nifty at 6240

If markets slide Short adani ports for the target of 155.5 stoploss at 159.6

Pick Adani power at dips

Continue to hold apollo tyres

If index supports Buy Coal India with target of 291.8 stoploss at 286

If index slips short Dlf for further target of 163.5 stop at 169

continue holding Sail and tata global

Calls are purely based on my own analysis,readers are requested to take a call before entering

Monday 30 December 2013

Intraday calls for 30-12-2013

Markets likely to open Flat,support for nifty at 6240

If markets remain strong Buy Apollo tyres (Continue Holding) with target of 103 stoploss at 97.5

If markets remain strong Buy Hexaware Technologies with target of 133.5 stoploss at 127

Continue Holding Idea Cellular

Arvind Is an shorting idea

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Thursday 26 December 2013

Intraday calls for 26-12-2013

Markets likely To Open Flat,support for nifty at 6240

If index remains strong Buy Future retail with target of 75 stoploss at 72

If index remains strong Buy Tata global with target of  159 stoploss at 155

Continue holding all my previous picks.

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Tuesday 24 December 2013

Intraday calls for 24-12-2013

Markets likely to Open Flat,support for nifty at 6250.

Continue Holding all My Previous calls { Last 3 sessions} including Crompton greaves, Arvind, Biocon,.

They all are Bullish,if index supports they would move higher.

If market remains strong Buy Hindalco with target of 125.5 stoploss at 118 { pick at dip}

Though Risky Idea cellullar can be bought with target of 174 if nifty supports,with stoploss at 167.3

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Monday 23 December 2013

All Targets achieved.

All targets achieved,Book partial profits in Arvind at 130.5.

Book Partially in crompton Greaves at 132.85

Book partially In Biocon at 445

Book partially in Tata Global at 156

All the given calls hold good for next two days also,so book only partial profits.

CHEERS!!!

Intraday calls for 23-12-2013

Markets likely to Open Flat,support for nifty at 6250

If market Remains strong Buy Arvind With target of 128.5 stoploss at 124 {Pick at dip,risky call}

If market Remains strong Buy Biocon with target of 443 stoploss at 427

Pick Bharti airtel at a dip.

Continue hgolding all my previous calls including Sail,crompton greaves.

Bullish On Tata Global.Asian paints,Nmdc are shorting ideas,if index slips

Calls are purely based on my own analysis,readers are requesyedto take acall before entering.


Sunday 22 December 2013

Performance of short term Picks given By this blog in mid september 2013

Dear readers,this blog has given Buy on larsen and tourbo on september 15 ( closing price : 828) for short term and present price is 1061.

Also given a Buy on Amararaja batteries (closing price 299 on September 15) ,now currently trading at 360.80.

One can clearly check on archives on blog in september posts For Proofs.

Tremendous returns in 90 days.

Stocks That are worth Investing For short term

Dhunseri Petrochem and tea

This stock is trading at cheap valuation considering its future prospectus and its competitors,Recent crisil Report says its fair value is above 185,it has assigned a Crisil Ier fundamental grade of 3 out of 5,being a dominant pet player with large capacity,Dhunseri is well able to cater to the increase in demand for PET.Its upcoming TPA greenfeild polant in negypt would offer locational advantage due to proximity to end markets and raw material sources.Dhunseri derives locational benifits from its plants in Haldia,However the current over supply of pet,forex risk and social unrest and poltical instability in Egypt are key risks,Revenues are expected to grow at two  year CAGR of 66 percent to 6750 crore in Fy15.

Dabur India

one pick among Fmcg which has not truly participated in rally,it was range bound till now from 160-195,giving chance for swing traders,but scenario seems changing for dabur abid strong volumes and its performance financially.Many brokerages say volume growth o Dabur is best among industry which is 10% from the past few quarters (consistant),margin expansion is also worth noticing with Good operating margins adding to operating profits.Dabur is religares prefered mid cap consumer staples pick,key risks remain further slowdown in consumption and input cost with inflation.

Petronet LNG

petronet lng stock price implies that the kochi terminal would have perpetual utilisation of less than 50 percent,owing to a lack of pipeline connectivity,Given Indias huge gas deficit and LNG's competitiveness,the pipeline issue would likely to be resolved over the next 18-24 months.Concerns on Lng demand are also over-blown,as lng cost is 11-25% lower than alternative liquid fuels for industrial consumers.Though near term volume growth is likely to be muted,analysts expect 16% volume CAGR  in Fy16-20.

Friday 20 December 2013

Book Partial Profits

From last week almost every day i was mentioning SAIL in my calls,today it has given break out,those who entered at 68 levels can book partially now.CHEERS!!!

Book Partial Profits

Book Partial profits in Tata Comunications at 284.9.Cheers!!!

Intraday calls for 20-12-2013

Markets likely to Open Flat,support for nifty at 6130

If market Recovers later during the day Buy Tata Comunications with target of 284 stoploss at 273

Continue Holding crompton Greaves And Sail and Apollo.

If Adani Ports breaks 172,go long with target of 177 stoploss at 164

Calls are purely based on my own analysis,readers are requested to take a call before entering.


Thursday 19 December 2013

Intraday calls for 19-12-2013

Markets likely to open Higher.resistance for nifty at 6260

Buy icici bank with target of 1104 sl at 1076

Buy voltas with target of 119  sl at 114

Buy crompton greaves with target of 133 sl at 128

Bullish on tata power,sail,rpower

Wednesday 18 December 2013

Book partial profits

Book partial Profits in Larsen at 1080,Book partially in Bharti airtel at 331.5. CHEERS!!

Intraday calls for 18-12-2013

Markets likely to open Flat,support for nifty at 6140,resistance at 6250

Buy Larsen at a dip with target of 1078 stoploss at 1051

Buy Bharti with target of 331,stoploss at 322

Continue holding all my previous picks including Sail.

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Tuesday 17 December 2013

Intraday calls for 16-12-2013

Markets likely to open flat,and trade on a positive note,resistance for nifty at 6250

Continue holding Sail as mentioned in previous posts.

Buy Coal India with target of 289 stoploss at 283.8

Continue holding Apollo tyres for further target of 86,stoploss at 82.

Ambuja cements is an shorting idea if index turns red.

This blog has given Buy On Aurobindo pharma and sesa sterlite in last week,both have given breakouts,pick them at dips.

Bullish On Tata power and Zeel

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Monday 16 December 2013

Book profits

Book partial profits in Aurobindo Pharma at 336.CHEERS!!!!

Intraday calls for 16-12-2013

Markets likely to open flat,support for nifty at 6100

If market Recovers later during the day,Buy Aurobindo Pharma with target of 314.5, stoploss at 306

If market Recovers later during the day Buy Apollo tyres with target of 83 stoploss at 80.25

If markets move further down,short Ambuja cements with target of 177.6 stoploss at 182

Future retail is also an shorting idea

All my Bullish previous week picks can be entered at dips excluding Banking scrips.

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Friday 13 December 2013

Intraday calls for 13-12-2013

Markets likely to open lower,support for nifty at 6170.

If market recovers later during the Buy Idea cellular with target of 175 stoploss 167

Dlf  is an shorting idea,with target of 152 stoploss 159

Continue holding all my previous picks

Calls are purely based on my own analysis,readers are requested o take a call before entering. 

Thursday 12 December 2013

Intraday calls for 12-12-2013

Markets likely to Open Flat ,support for nifty at 6270

If nifty recovers Buy Allahabad Bank with target of 97 stoploss at 94

If index recovers Buy Cairn India with target of 329 stoploss at 324

Apart from these hold Pick yesterdays calls at low

Calls are purely based on my analysis,readers are requested to take a call before entering.

Wednesday 11 December 2013

Intraday calls for 11-12-2013

Markets likely to Open lower,support for nifty at 6280

Buy Apollo tyres with target of 83.5 stoploss at 80

Buy SAIL with target of 73 stoploss at 70

Buy Voltas with target of 127 stoploss at 120

Apart from these bullish on Biocon and Allahabad bank.

Lic housing is an shorting idea

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Some of the above mentioned calls are for next few sessions,so one can pick at lows.

Tuesday 10 December 2013

Intraday calls for 10-12-2013

Markets likely to open Flat,support for nifty at 6340

If markets remain strong Buy Ambuja cements with target of 196 stoploss at 189

If markets remain strong Buy Amararaja batteries with target of 353 stoploss at 344

If market remains strong Buy sesagoa with target of 194.5 stoploss at 187

Arvind is an shorting idea

Calls are purely based on my own analysis,readers are requested to take a call before enetring.

Monday 9 December 2013

Intraday calls for 9-12-2013

Markets likely to Open gap up,No resistance for today

Buy Adani enterprises with target of 279 stoploss at 269

Buy Adani Ports with target of 166.5 stoploss at 159.7

Bullish on crompton greaves,tata power,coal india.

Calls are purely based on my analysis,readers are requested to take acall before entering.

Friday 6 December 2013

Intraday calls for 6-12-2013

Markets would open Flat,support for nifty at 6260

If market Remains strong Buy Coal India with target of 284 stoploss at 265

Continue to hold Crompton Greaves with further targets of 129,130

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Thursday 5 December 2013

Intraday calls for 5-12-2013

Markets would Open Higher,resistance for nifty at 6260

Buy Crompton Greaves with target of 125,stoploss at 120.5

Buy Adani Enterprises with target of  272 stoploss at 262

Buy Mcleod Russel with target of 301 stoploss at 292

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Wednesday 4 December 2013

Intraday calls for 4-12-2013

Markets likely to open Lower,support for nifty at 6180


If market turns positive,Buy Hindalco with target of 127 stoploss at 119.8

My previous calls Crompton Greaves and Aurobindo Pharma would trade strong.

Continue to Hold shorts in coal India

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Tuesday 3 December 2013

Intraday calls for 3-12-2013

Markets likely to open Flat,support for nifty at 6180

If markets remain strong Buy Zee entertainment Enterprises with target of 273 stoploss at 263

If index weakens Short Dish tv with target of 54 stoploss at  56.40

As mentioned from past few days,continue to hold shorts in Coal India

Calls are purely based on my own analysis,reader are requested to take a call before entering.

Asian paints look weak,one can go short if index weakens,Further Arvind would trade strong.

Monday 2 December 2013

Book Partial Profits

Book partial profits in Arvind at 131.Cheers!!!

Intraday calls for 2-12-2013

Markets likely to open Flat,resistance for nifty at 6190

If index remains strong Buy Ambuja cements with target of 188.2 stoploss at 182

If index remains strong Buy Arvind with target of 129 stoploss at 124

If index weakens,short Asian paints with target of 499 stoploss at 508

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Further as am mentioning from past fortnight coal india is shorting idea.

Sunday 1 December 2013

Zero Risk Derivative Strategy Applied During Stake sale In PSU'S

Traders are Gearing for making quick money from possible arbitrage opportunities coming in the share sales of Public sector Units like Power Grid corporation and Indian Oil corporation,the government which has set disinvestment target of 40000 crore for the current financial year,is expected to sell its stake in two public sector undertakings.Traders are aiming to benifit from the difference between the current market price of these two stocks and their expected price in Follow on Public offer,for this traders are building short positions by selling their December futures contracts in anticipation that the issue pricing will be lower than the current market price,the powergrid band is already fixed at 85-90 per share,while that of IOCL can be 190 per share which is around 5% discount to the market price.Typically traders build short positions in disinvestment candiates ahead of their stake sales and cover their positions by applying in share sale,its an zero risk strategy which involves selling the stock in futures market at a higher price and then applying in the public issue at a lower price.Good number of short positions have alrady been build up in power grid corporation where futures is already trading at discount.

There is something refered as stock lending and borrowing mechanism-a shareholder usually a longterm one lends his idle shares to a trader who wants to short sell the stock for fee,a short seller shorts the stock and waits for it to slide,if the shares fall,short seller buys back these and returns these to lender,the profit for short seller is the difference in prices at which he sells and buys back,at the time of NTPC stake sale,the price of borrowing ntpc rose 41% which was record high.

In the past traders have used different trading strategies to profit from OFS,the most common was selling the securities in the cash market on the OFS day and making the payout through shares brought through bidding,this is possible as trader under OFS are settled on the next day (T+1),ehile security pay out of short sold ones takes place at  T+2 basis,this strategy was sucessful one in HINDUSTHAN COPPER  OFS where traders recorded a spread about 40%,However there is a risk,if shares do not get alloted they will be caught,as the two previous government share sales in NMDC and OIL INDIA saw huge subscriptions,this strategy went wrong who didnt record allotment,most trading strategies for an OFS are subject to allotment risks,but given large size of Power grid and coal india  issue,the probability of getting allotment is higher.

Friday 29 November 2013

Intraday calls for 29-11-2013

Markets likely to open Flat,support for nifty at 5980,resistance at 6120

No specific Intraday calls for today.

Can continue Holding crompton Greaves and Aurobindo Pharma.

Thursday 28 November 2013

Intraday calls for 28-11-2013

Markets likely to Open Higher,resistance for nifty at 6090

If market remains strong Buy voltas with target of 101 stoploss at 96

Continue to Hold crompton greaves with further target of 121 stoploss at 117

Bpcl can be picked at low

Buy Jsw steel with target of 926 stoploss at 909

Calls are purely based on my own analysis readers are requested to take  a call before enetering.

Wednesday 27 November 2013

Book profits

Book profits in Biocon at 379.5. cheers

Book partial profits in Dish Tv

Traders who shorted Dish tv Yesterday can book partially now at 50.45. Cheers!!

Intraday calls for 27-11-2013

Markets likely to open Flat,support for nifty at 5980

If market remains strong Buy Biocon with target of  375 stoploss at 368

Arvind can be shorted at high  levels

Continue to hold shorts inn coal india

Bullish on Dlf

Cromptong greaves can be bought with target of 121

Tuesday 26 November 2013

Intraday calls for 26-11-2013

Markets likely to open lower,support for nifty at 6080

If Market remains strong Buy Adani Enterprises with target of 259 stoploss at 252

Pick Dlf at lower levels with target of 150 stoploss at 142

Cipla,Coal india are shorting ideas.dish tv is also weak

Calls are purely based on my own analysis,readers are requested to  take a call before entering.

Monday 25 November 2013

Book profits

Book profits in Appollo tyres at 78 and Book partially in Dabur at 166. Cheers

Intraday calls for 25-11-2013

Markets likely to open Higher,Resistance for nifty at 6100

Buy Apollo Tyres with Target of 78 stoploss at 75

IF index remains strong go long on Arvind with target of 126.9 stoploss at 123

Buy Dabur with target of 163 stoploss at 159.5

Coal India,cipla can be shorted at highs,they are shorting ideas

Calls are purely based on my own analysis,readers are requested to take call before entering

Friday 22 November 2013

Book Profits

Book profits in Aurobindo Pharma at 280,Book profits in Bharti airtel at 345.

Intraday calls for 22-11-2013

Markets likely to open Flat,support for nifty at 5940 levels

Hold Shorts in Ambuja cements,if nifty slips it would test further lower levels

If nifty remains weak Short Apollo tyres with target of 74 stoploss at 77.3

If nifty recovers Buy aurobindo Pharma with target of 278.5 stoploss at 273.5

Bharti airtel can be picked at lower levels

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Thursday 21 November 2013

Intraday calls for 21-11-2013

Markets likely to open Flat,support for nifty at 6120

If market remains strong Buy Nmdc with target of 133.6 stoploss at 128

Rpower can be picked up at low with target  of  73.8 stoploss at 71.1

Dlf also can be picked up at low,with target of 153

Calls are purely based on my own analysis readers are requested to take a call before entering.

Wednesday 20 November 2013

Intraday calls for 201-11-2013

Markets likely to Open Flat,support for Nifty at 6130

If market Remains strong Buy Cairn India with target of  323.5 stoploss at 317.5

Continue To hold Arvind,it is supposed to make new highs.

Continue Holding Indiabulls real estate with further Target of 73.7 stoploss at 69.6

Dlf can be picked up at lower levels

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Tuesday 19 November 2013

Book profits

Book partial profits in Adani ports at 157,Book partially in Bharti Airtel at 352. Cheers!!!

Intraday calls for 19-11-2013

Markets likely to open flat,support for nifty at 6130

If market remains strong Following scrips can be entered

Buy Adani ports at a Dip with target of 157 stoploss at 151

Ambuja cements would trade strong Further

Auro Pharma Can be shorted if It shows weakness in Early trade

Continue to Hold Bharti Airtel with target of 347 stoploss at 340

Both Cipla and Coal India are shorting Ideas

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Monday 18 November 2013

Book Profits

All targets achieved,Book profits in Adani ports at 157,book profits in apollo tyres at 73.7, book profits in Arvind at 125, Book profits in Airtel at 346, Book profits In Indiabulls Real estate at 71.
Book profits in Cairn India at 322,Book partially in Rpower at 72.7.

CHEERS!!

Intraday calls for 18-11-2013

Markets likely to open slightly higher,Resistance for nifty at 6120

If markets remain strong Buy Adani ports with target og 154.5 stoploss at 148

Continue holding Ambuja with target of 178 stoploss at 175

Buy Appollo tyres with target of 73.6 stoploss at 71

Continue to Hold arvind

Buy Bharti Airtel with target of 344 stoploss at 337

Continue to Hold Indiabulls Real estate.

Buy cairn with target of 321.7 stoploss at 314

Bullish on Rpower

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Sunday 17 November 2013

Weekly Round up

Stubborn inflationary pressures continue to prevail as WPI inflation for the month of October 2013 rose to 7% from 6.46%. in September 2013. This is the fifth consecutive rise on monthly basis although on yearly basis WPI inflation decreased by 32 basis points,as in October 2012 it was at 7.32%.

Primary articles Inflation stood at 14.6% as compared to 13.54% in previous month.Food inflation declined to 18.19% over previous month reading of 18.40% but slightly higher than 6.72% for the same month in previous year.Food inflation was again largely driven by Onion prices which continue to bring tears to consumers eyes.onion inflation stood at 278.21% while vegetable inflation stood at 78.38%.

Crude oil prices is last two months have come down from $115 per barrel to around 107 per Barel and rupee also recoverd from all time low.The major cause of concern is rise in core inflation as it is the indicator for Rbi policy.

Friday 15 November 2013

Capital Goods: Is worst over?

Capital goods sector have been worst Performer since last two years,Though we have seen Nifty making Life time  Highs,capital goods companies still Find them abandoned. These scrips have been beaten down Badly,and are available at appealing Valuations. When Bse sensex is compared with capital goods index,we find that this sector has under performed,metal and power stocks have given negative returns even when the overall index gained.Stocks like Jindal steel,Bhel, Gail has given negative returns and coal India also falls in this category.
The rally which we have seen has been more or less concentrated on few scrips which were having some or the other link to forex gains in one or the other way,foreign investors who are considered to be informed investors are buying into only those companies.one such example can be Arvind which has rallied quiet a lot,as it is beneficiary of rupee depreciation. Retail investors only considered IT companies as beneficiary and only restricted themselves to that sector but now people are turning into export driven companies which got Benifited through currency woes.
Some scrips in capital goods indrustry look promising like Bhel, ABB, Engineers India,These stocks never Participated in rally,so if we can expect it to be active once the government change is conformed or IIP data picks up,so these scrips though are shorting ideas,one can accumulate at significant dips or in a correction with 1-2 years view with expected returns of atleast 30-40%.

Thursday 14 November 2013

All targets achieved

ALL targets achieved. Book profits in Indiabulls real estate at 69,book profit in apollo tyres at 72,Book profits in Adani ent at 239,Book profits in Ambuja at 177.5.
CHEERS!!

Intraday calls for 14-11-2013

Markets would open Higher,support for nifty at 5950

Pick Adani Ent at low with target of 234 stoploss at 224

Hold Ambuja cements with target of 177.6 stoploss at 172

Buy Apollo tyres with target of 72 stoploss at 67

As posted earlier Arvind would trade strong

If index slips short crompton greaves with target of 100 stoploss at 109

Buy Indiabulls real estate with target of 67.6 stoploss at 62

Readers are requested to take acall before entering

Wednesday 13 November 2013

Book profits

BOOK profits in ambuja at 176.6. cheers!!!!!!!

Book profits

Book profits in asian paints at 519.Cheers!!

Intraday calls for 13-11-2013

Markets would open lower,support for nifty at 5950

Buy Ambuja cements with target of 174 stoploss at 171

Short asian paints if it breaks 528 with target of 524 stoploss at 537

Buy cairn with target of 323.6 stoploss at 317

Hindalco can be bought at low levels

Calls are purely based on my own analysis,readers are requested to take a call before entering

Tuesday 12 November 2013

Book Prtial profits

Book partial profits in Adani ports,cairn India, and arvind. Cheers!!!

Intraday calls for 12-11-2013

Markets would open slightly higher,support for nifty at 6030

Buy Arvind with target of 116 stoploss at 109

Buy Adani ports at a dip with target of 151.6 stoploss at 147

Pick cairn india at dip with target of 321.8 stoploss at 314

Short Bharti at High

Calls are purely based on my own analysis,readers are requested to take a call before entering

Monday 11 November 2013

Book profits

Book profits in Adani ent and apollo tyres.Cheers!!!

Intraday calls for 11-11--2013

Markets likely to open Flat,support for nifty at 6080

If  index supports Buy Adani ent with target of 219.6 stoploss at 209

Buy Adani power with target of 35.9 stoploss at 34.35

Keep a stop at 91.05 for Allahabad bank and go long if Bank nifty strengthens

Buy Apollo tyres with target of 73 stoploss at 69.8

As posted earlier Bullish on Biocon and Hindalco

Buy sesa sterlite at low with target of 202.6 stoploss at 197

Calls are purely based on my own analysis ,readers are requested to take a call before entering.


Friday 8 November 2013

Book profits

Book profits in aurobindo Pharma at 263,book Partially in Adani ports at 151.

Intraday calls for 8-11-2013

Markets likely to open Flat,support for nifty at 6170

Buy Aditya birla nuvo with target of 1242 stoploss at 1220

If market recovers Buy Adani ports at low with target of 150 stoploss at 145

Aurobindo pharma can also be picked up at low

Bharti artel and apollo tyres are shorting ideas

Further calls would be updated during market hours

Calls are purely based on my own analysis,readers are requested to take a call before entering

Thursday 7 November 2013

Intraday calls for 7-11-2013

Markets likely to open Flat,support for nifty at 6180

If markets remain strong Pick Biocon at low with target of 375

Coal india can be bought if it shows strength in early trade with target of 302 stoploss at 292

Asian paints can also be picked at low


Calls are purely based on my own analysis,readers are requested to take a call before entering.

Wednesday 6 November 2013

Intraday calls for 6-11-2013

Markets likely to open Flat,support for nifty at 6180

Buy Uco bank with target of 77 stoploss at 73

Buy Idfc with target of 116 stoploss at 108

Itc can be picked at low

Further calls would be updated during market hours

Calls are purely based on my own analysis,readers are requested to take call before entering.

Monday 4 November 2013

Intraday calls for 5-11-2013

Markets likely to open Flat support for nifty at 6290 levels.

If Markets remain positive buy ITC with target of 333 stoploss at 327

If markets remain strong Buy Jindal steel with target of 254 stoploss at 246

In Banking space Union bank and syndicate bank are good bets if bank index strengthens.

If nifty slips,Bhel,Bank of Baroda are shorting ideas.

calls are purely based on my own analysis,readers are requested to take a call before entering.

Sunday 3 November 2013

Muhurat Trading picks

Generally people Buy stocks on this auspicious day expecting good returns in the next one year.

Below are my picks:

Reliance industries with target of 1150

Sun pharma with target of 770

icici bank with target of 1250

Aditya birla nuvo with target of 1700

United Phosphorus with target of 195

How come Private banks posted Good quarter 2 numbers despite of Rupee woes

Because of rupee depreciation every one had sell call on banks and as a result Bank index touched lows which gave a opinion that good days for banks are gone and everyone took short positions,but to surprise Bank index started moving up and some banks even posted good numbers,how did it happen?? here goes the story. As one-off measure the reserve bank of india had allowed banks to move statuatory liquidity ratio {slr} securities such as government and corporate bonds,to the hold-till-maturity{HTM} from the availablefor sale/held for trading {AFS/HFT} categories. And gave them option to spread their mark-to-market losses {MTM,writting down assets on the basis of current values} on these securities over the next three or seven quarters ,thereby minimising the impact on their financials.The move was to enable banks to avoid huge losses on their AFS portfolio,as yeilds have shot up and as a result bond prices had fallen. Compared to a 7.439 per cent yeild to maturity on the 10 year government bond on june 28 the yeild has risen to 8.234 per cent at the end of the september quarter,it is still at those eleveted levels. Banks are required to provide for decline in the value of bonds held under AFS/HFT categories and vice-versa. Had Rbi not permitted banks,the MTM provisions that banks would have to take would have been huge. Experts say a 100 basis points rise in government bond yeild will lead to 33000 crore MTM  provision in a quarter,almost double the first quarter profit of all banks put together ( 19849 crore) or close the half the yearly profit of 2012-13 ( 77045 crore)
Most privtate banks have charged the entire losses to their profit and loss acount,yes bank was least affected with the slr portfolio with only 0.33 crore of loss.
Icici bank said it had made MTM provisions of 289 crore on its investment portfolio and also not availed the option permitted by rbi of recognising these over three quarters,the trabsfer to HTM category is also limited.
Kotak mahindra bank has said it has not transfered any slr securityfrom AFS or HFT to HTM ,it however has choosen to amortise the losses,which has helped in minimising the impact on financials.Two other Indusind bank and Federal bank have also choosen to amortise the losses on their AFS/HFT  portfolio over the next few quarters.Thus most private Banks did better than expected on this lines.

Friday 1 November 2013

Intraday calls for 1-11-2013

Markets likely to open flat,support for nifty at 6180

If market remains strong Buy Bank Of india with target of 215 stoploss at 201

Buy Ongc with target of 296 stoploss at 289

Pick tata global at low with target of 166,stoploss at 160

Calls are purely based on my own analysis,readers are requested to take a call before entering.


Thursday 31 October 2013

Book profits

Book profits in Tata comunications at 262!!!

Intraday calls for 31-10-2013

Markets likely to open Flat,support for nifty at 6180

If markets Turn positive Buy Tata comunications with target of 256 stoploss of 243 { there is a chance for Profit booking}


Ashok leyland can be bought if it shows strength in earlytrade with a target of 17.5 stoploss at 16.5

Positive on Rcom,UPL

Idbi ,sail,wipro are shorting ideas If nifty slips

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Wednesday 30 October 2013

Intraday calls for 30-10-2013

Markets would open higher,support for nifty at 6155

Buy Ongc with target of 292.5 stoploss at 285

pick Dlf at low with target of 152 stoploss at 147.3

Buy Hindalco with target of 11.8 stoploss at 108

Itc,Apollo tyres,Bhel are shorting ideas if nifty slips

Calls are purely based on my own analysis,readers are requested to take a call before entering

Tuesday 29 October 2013

Intraday calls for 29-10-2013

Markets likely to open flat,support for nifty at 6080

continue to hold renuka sugars

If market remains strong Buy titan with target of 253 stoploss at 244

If market remains strong Buy Tata motors dvr with target of 191 stoploss at 185.5

If Bank nifty falls after Go short on Yes bank with target of 343.3 stoploss at 352

Buy reliance industries with target of 896 with stoploss at 879

Calls are purely based on my own analysis,readers are requested to take a call before entering

Monday 28 October 2013

Intraday calls for 28-10-2013

Markets likely to open flat,support for nifty at 6120,resistance at 6210

If wipro shows strength at initial trade,buy it with target of  486 stoploss at 470

Short Adani ent if it breaks 190 levels ,with target of 187 stoploss at 205

Dabur india can be entered at a dip

Renuka sugars is bullish on charts,buy it at a dip with target of 24 stoploss at 22.5

Syndicate bank is also an shorting idea

If rcom stays weak short it with target of 141 stoploss at 146.5

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Friday 25 October 2013

Book profits

Book profits in Bhel  at 136.5 and Adani ports at 151.

Intraday calls for 25-10-2013

Markets would open Flat.support for nifty at 6120

If index weakens short Bhel with target of 137.9 stoploss at 143

If Bank nifty weakens Short karnataka bank at high

Though Risky Adani ports can be shorted at high with target of 152 stoploss at 149

If index recovers Buy Tata motors with target of 383 stoploss at 375

If index recovers ough risky,Buy jsw energy with target of 48.5 stoploss at 46.1

In banking space bullish on federal bank.

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Thursday 24 October 2013

Book profits

Adani enterprises fired,book profits in it at 215.Cheers!!!!

Intraday calls for 24-10-2013

Markets would open Flat,support for nifty at 6120.

If market remains strong Buy adani ent with target of 202 stoploss 192

Pick Arvind at a dip with target of 105 stoploss at 100

Buy biocon if it breaks 342 in early trade with target of 345


Continue to Hold coal India

Though Risky cipla can be bought if it shows strength with target of 427 stoploss at 414

Buy suntv with target of 429.75 stoploss at 419

Voltas and bhel are shorting ideas

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Wednesday 23 October 2013

Intraday calls for 23-10-2013

Markets likely to open flat,support for nifty at 6120

Buy Tata global with target of 163.4 stoploss at 159

If market remains strong Buy Ntpc with target of 150 stoploss at 146.3

Positive on LIC,if bank index recovers buy Bank of india with target of 178.6 stoploss at 173.5

Bullish on coal india,it can be bought If index remains strong with target of 295 stoploss at 288

Calls are purely based on my analysis,readers are requested to take a call before entering

Tuesday 22 October 2013

Intraday calls for 22-10-2013

Markets likely to open flat,resistance for nifty at 6200,if it sustains above 6200 in morning trade,it would close higher,support at 6120


Continue to hold  Adani ports

If index remains strong Buy arvind with target of 105 stoploss at 100

If index remains strong Buy cairn india with target of 334 stoploss at 325

As posted earlier positive on Hindalco,would test 120.2 if index supports

Coal india is also bullish,can be bought for target of 291{ if index supports} stoploss at 284

Positive on lic housing and as posted earlier Nmdc would trade strong

Voltas can also be bought in early trade.

Calls are based on my own analysis,readers are requested to check before entering

Monday 21 October 2013

Book profits

All targets achieved,Book partial profits.

Intraday calls for 21-10-2013

Markets likely to open flat,support for nifty at 6120,resistance at 6200

If index remains strong Buy ACC with target of 1154 stoploss at 1122.  1164 acts as strong resistance,if broken higher levels are seen

If index remains strong Buy Adani ports at a dip with target of 154.5 stoploss at 149

Continue to hold zeel and Bharti airtel

Continue holding crompton Greaves

Though risky Bhel can be bought if it shows strength in morning trade with target of 149.6 stoploss at 145

Positive on Jp associates

Further calls would be updated during market hours

Calls are purely based on my own analysis,readers are requested to take a call before entering.

Would be online by 12.

Friday 18 October 2013

Book profits

All targets achieved,book profits in cairn,crompoton greaves,coal india,Nmdc,sesagoa.Cheers!!!

Intraday calls for 18-10-2013

Markets would open higher,resistance for nifty at 6150

Buy tata global with target of 164 stoploss at 158

if index remains strong buy crompton greaves  with target of 98.2 stoploss at 95

Buy coal india with target of 287 stoploss at 280

Buy cairn india with target of 331.2 stoploss at 324

Continue to hold NMDC

Bullish on Hindalco

Further calls would be updated during market hours

Calls are purely based on my own analysis,readers are requested to take a call before entering

Thursday 17 October 2013

Intraday calls for 17-10-2013

Markets would remain flat,resistance for nifty at 6150

If index strengthens later go long on DLF with target of 158 stoploss at 148

Positive on NMDC  go long on if nifty supports with target of 131 stoploss at 126

Though risky cipla can be bought with target of 428 stoploss at 418

If nifty weakens bank of india and idfc are shorting ideas

Arvind is also an shorting idea

Further calls would be updated during market hours

Calls are purely based on my own analysis,readers are requested to take a call before entering. 

Tuesday 15 October 2013

Intraday calls for 15-10-2013

Markets would open higher,resistance for nifty at 6186 levels

If markets remain strong,buy coal india with target of 288.5 stoploss at 282

Buy cairn india with target of 325.5 stoploss at 319

Buy adani power with target of 36.8 stoploss at 34.5

Buy Future retail with target of 78.9 stoploss at 75.3

If market weakens later during the day,GSPL ,jindal steel ,Ibrealty and Hul are shorting ideas

Apart from this positive on Arvind

Further calls would be updated during market hours

Calls are purely based on my own analysis,readers are requested to take a call before taking a position.

Monday 14 October 2013

Intraday calls for 14-10-2013

Markets would open a bit lower,support for nifty at 5950

If index weakens further  short apollo tyres with a target of 65.9 stoploss at 69.1

If index recovers later during the day Buy Dish tv with target of 55.2 stoploss at 52.4

 If index weakens short future retail with target of 74.3 stoploss at 77.7

Continue to hold Jp power and Bhel.

Further calls would be updated during market hours.

Calls are based on my own analysis,readers are requested to take a call before entering

Friday 11 October 2013

Book profits

Book profits in Adani ports at 150 and in Bharti airtel at 337.Cheers!!

Intraday calls for 11-10-2013

Markets would open higher,resistance for Nifty at 6108

Buy jp power with target of 18.4 stoploss at 17.2

Buy Bhel with target of 149 stoploss at 145

Buy Bharti airtel with target of 336 stoploss at 327

Buy adani ports with target of 148,stoploss 143

Further calls would be updated during market hours.

Calls are purely based on my own analysis,readers are requested to take a call before entering

Thursday 10 October 2013

Intraday calls for 10-10-2013

Markets likely to remain flat,support for nifty at 5955 levels

If market weakens later Short adani enterprise,it has tough resistance at 157.8 and 162 levels better wait for these levels and short

Buy adani power with target of 35.8 stoploss at 33.9

Arvind would open high,wait for a high and can go short it with target of 95.5 stoploss at 97.25

Any highs in Dish tv can be used for shorting if index weakens

Dlf would open highif index supports can test 152 ,tough resistance at 160,add to portfolio if it closes above it

Many scrips would open gap up,would be better not to enter at opening.

Further calls would be updated during market hours.

views are based on my personal analysis,readers are requested to take a call before entering. 

Wednesday 9 October 2013

Book profits

Book profits in cairn india, Nmdc,Tata motors dvr,allahabad bank .
Hdfc twins had some call today by brokerages and they are reacting weird.

Intraday calls for 9-10-2013

Markets would remain lower,support for nifty at 5875 levels

Short allahabad bank if bank index weakens with a target of 80 stoploss at 82.8

Bearish on cairn india,can go short at rise with target of 322.9,stoploss at 328

Short Hdfc with target of 780 stoploss 812

Bearish on LIc housing go short if it weakens with target of 201 stoploss at 212

If nifty recovers later pick Ntpc and nmdc.

Positive on tata motors dvr ,if it strenghthens go long with target of 173 stoploss at 169

Further calls would be updated during market hours.

Tuesday 8 October 2013

All targets achieved

Almost all targets achieved today.keep booking partial profits.Cheers!!! would update further calls if any

Intraday calls for 8-10-2013

Markets would remain higher,resistance for nifty at 5938 levels.

Buy bank of india with target of 179.5 stoploss at 172

Buy allahabad bank with target of 83.1

Buy Bpcl with target of 356 stoploss at 341

Buy adani ports with a target of 146 ,strong resistance at 147.9 if broken higher levels are seen

Buy adani power with target of 34.2

Buy Hdfc with target of 806 stoploss at 788

Buy tata power with a target of 83 stoploss at 80.5  

More calls would be updated during market hours.

Monday 7 October 2013

Book profits in hindalco

Target reached in Hindalco both in cash and futures..Book profits in hindalco futures partially at 122. Cheers!!!

Book profits in Dish tv

Another target achieved,book profits in Dish tv at 50.60.Cheers!!! allost every target achieved.

Book partial profits

Another bullish target achieved in bear market.Book partial profits in united phosphorus at 156.5.

Book profits partially in Bhel

Bhel target achieved,book profits partially at 146.Cheers!!!

Intraday calls for 7-10-2013

Markets would open lower,support for nifty at 5840 levels.

If nifty remains weak making lows short Dish tv with a target of 50.5 stoploss at 53.5

If nifty recovers later during the day buy united phosphorus with a target of 156,has tough resistance at 156 levels,if broken higher levels are seen

If index recovers Buy bhel with a target of 146 stoploss at 140

Biocon has tough resistance at 342 levels,if broken higher levels are inevitable

Dlf is also bullish counter,pick it at low.same applies for lic housing finance,if it breaks 209 levels,higher side is inevitable.

Jp associates is also bullish counter,if index recovers buy with target of 38.5 stoploss at 36

Hold exide industries.

Further calls would be updated during market hours.

Saturday 5 October 2013

Interesting stats on banking aspirants

Bank license aspirant
Price as of 1-4-2013
Price as on 4-10-2013
Aditya birla nuvo
984
1261
Idfc
142
93
L&t finance
76
66
Reliance cap
322
329
Lic housing Finance
226
206
JM financial
16
21
Muthhot finance
180
94
Bajaj Finance
780
599
Tourism finance
22
19.65
India infoline
62.4
50.15


The interesting point to note here is of all the banking aspirants only Aditya birla nuvo and Jm financial out performed giving positive results of 28% and 31%. Further if we dive into the issue,aditya birla group chairman Kumar mangalam birla is on board of reserve bank of india for past 6 years which gives a smell that banking license is sure for them.Another company JM financial which saw vikram pandit{ former executive of citi group} picking up significant share in the company is now appointed by Rbi as a member of committee framing blueprints for financial inclusion in the country.