8:16 PM
BUZIBIZ
NIFTY FLAT TO WEAK .FII STARTED SELLING .DII WITHDRAW MONEY TO INVEST COALIND IPO .WAIT FOR CLEAR TREND ..NO CALLS NOW
Gap down opening is expected with negative sentiments. Session will be in bears grip ...reason CIL mega ipo and fear in financial and IT sector due to strengthening of rupee...Last 2 weekly candles on charts closed in red and confirmed that bulls lost their strength ... advised to book profits in over priced stocks and sit on cash ....on Friday we saw profit booking in entire session ...please have a look ...It is recommended that book your profits at each swing high...and try to enter in stocks which are available at oversold zones at low valuations ...
Trade according to the TREND ...
Do not oppose the storm, it will trouble you....
Do not risk your hard earned money...
Blindly pouring your money in market place will not reap you rewards...
Have a profitable day ...
Weekly Report 17-10-2010
The big story for the coming week will of course be the mega Coal India IPO which opens on Monday. Meanwhile, the volatile consolidation phase continues in the Indian market. Investors seem to be treading cautiously given that we are in the midst of the earnings season.Also, some cooling was expected as last month's rally had left the market a little overheated. So, after five straight weeks of advance,which lifted the key indices near their all-time highs, we have seen a minor pullback over the last two weeks. Still, the bulls almost pulled off new highs in the middle of this week when the Sensex soared by nearly 500 points only to retreat in the next two sessions.
After this week's volatility people are bound to be a little jittery about the near-term prospects for the market. And, there are no easy answers as results will continue to trickle in. At the same time, the anxiety over the fragile external scenario will keep the market players on tenterhooks. The heightened action in the global currency markets and the verbal feud over the sticky issue could also weigh on the sentiment. Fed chief Ben S. Bernanke says he is ready to ease the monetary stance further but will be cautious in unleashing Quantitative Easing 2.
All eyes are now on the next FOMC meeting, which is slated for Nov. 3. US will also hold congressional elections around the same time. Back home, the RBI policy meeting is scheduled for Nov. 2. Before that there will be a G20 summit in South Korea on Oct. 22-23.
Among the top results next week include Sesa Goa, HDFC, L&T, Bajaj Finserv, ING Vysya Bank, Mindtree, Bajaj Auto, Concor, HDFC Bank,Ashok Leyland, Persistent Systems, GSFC, Ambuja Cement, SKF India,Allahabad Bank, South Indian Bank, Mahindra Forgings, TVS Motor,Sasken, Zensar Tech, ACC, Eclerx, M&M Financial, Chennai Petro, Ipca Labs and Biocon.
Lots of global data points will be on tap as well. In the US, a slew of housing sector reports will be released apart from statistics on industrial production, Fed's Beige Book survey, weekly jobless claims,leading economic indicators and the Philly Fed index. Germany will announce ZEW survey of Economic Sentiment and IFO business outlook. Minutes from the BOE and RBA's last policy meetings will also be issued, besides UK retail sales. China's Q3 GDP and September economic indicators will also be watched closely.
Comapny:Tamil Nadu Newsprint and Papers Limited (10-10-2010)
NSE Symbol: TNPL
CMP: 140
Target: 170
Company Background
Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tamil Nadu during early eighties to produce Newsprint and Printing & Writing Paper using bagasse, a sugarcane residue, as primary raw material.Over the years, TNPL has increased its capacity to 245,000mtpa and has emerged as the largest bagasse based Paper Mill in the world consuming about one million tonnes of bagasse every year.
TNPL exports about a fifth of its production to more than 30 countries including Australia, Indonesia, Nigeria, Singapore and South Africa.It is the market leader in computer stationary and the largest exporter of wood-free paper. >> More >>
Gap down opening is expected with negative sentiments. Session will be in bears grip ...reason CIL mega ipo and fear in financial and IT sector due to strengthening of rupee...Last 2 weekly candles on charts closed in red and confirmed that bulls lost their strength ... advised to book profits in over priced stocks and sit on cash ....on Friday we saw profit booking in entire session ...please have a look ...It is recommended that book your profits at each swing high...and try to enter in stocks which are available at oversold zones at low valuations ...
Trade according to the TREND ...
Do not oppose the storm, it will trouble you....
Do not risk your hard earned money...
Blindly pouring your money in market place will not reap you rewards...
Have a profitable day ...
Weekly Report 17-10-2010
The big story for the coming week will of course be the mega Coal India IPO which opens on Monday. Meanwhile, the volatile consolidation phase continues in the Indian market. Investors seem to be treading cautiously given that we are in the midst of the earnings season.Also, some cooling was expected as last month's rally had left the market a little overheated. So, after five straight weeks of advance,which lifted the key indices near their all-time highs, we have seen a minor pullback over the last two weeks. Still, the bulls almost pulled off new highs in the middle of this week when the Sensex soared by nearly 500 points only to retreat in the next two sessions.
After this week's volatility people are bound to be a little jittery about the near-term prospects for the market. And, there are no easy answers as results will continue to trickle in. At the same time, the anxiety over the fragile external scenario will keep the market players on tenterhooks. The heightened action in the global currency markets and the verbal feud over the sticky issue could also weigh on the sentiment. Fed chief Ben S. Bernanke says he is ready to ease the monetary stance further but will be cautious in unleashing Quantitative Easing 2.
All eyes are now on the next FOMC meeting, which is slated for Nov. 3. US will also hold congressional elections around the same time. Back home, the RBI policy meeting is scheduled for Nov. 2. Before that there will be a G20 summit in South Korea on Oct. 22-23.
Among the top results next week include Sesa Goa, HDFC, L&T, Bajaj Finserv, ING Vysya Bank, Mindtree, Bajaj Auto, Concor, HDFC Bank,Ashok Leyland, Persistent Systems, GSFC, Ambuja Cement, SKF India,Allahabad Bank, South Indian Bank, Mahindra Forgings, TVS Motor,Sasken, Zensar Tech, ACC, Eclerx, M&M Financial, Chennai Petro, Ipca Labs and Biocon.
Lots of global data points will be on tap as well. In the US, a slew of housing sector reports will be released apart from statistics on industrial production, Fed's Beige Book survey, weekly jobless claims,leading economic indicators and the Philly Fed index. Germany will announce ZEW survey of Economic Sentiment and IFO business outlook. Minutes from the BOE and RBA's last policy meetings will also be issued, besides UK retail sales. China's Q3 GDP and September economic indicators will also be watched closely.
Value Pick for Long Term Delivery
NSE Symbol: TNPL
CMP: 140
Target: 170
Company Background
Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tamil Nadu during early eighties to produce Newsprint and Printing & Writing Paper using bagasse, a sugarcane residue, as primary raw material.Over the years, TNPL has increased its capacity to 245,000mtpa and has emerged as the largest bagasse based Paper Mill in the world consuming about one million tonnes of bagasse every year.
TNPL exports about a fifth of its production to more than 30 countries including Australia, Indonesia, Nigeria, Singapore and South Africa.It is the market leader in computer stationary and the largest exporter of wood-free paper. >> More >>
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