Archive for September, 2009

Indian stock market calls-Nitin Gupta(09/Sep/09)

Posted Sep.09, 2009 under Featured, sensex

Currentopics.com

Market Guru

Nitin Gupta

 Full Name : Nitin Gupta

Designation: Managing Director

Company Name: Gupta Consultancy Services

Experience in stock market: 9 years

Company Profile: Portfolio management Services

 

Today’s Call

 

Nifty ranagebound

Nifty was very voaltile an rangebound throughout the day on Wednesday. Nifty was taking support on 4780 and moving upwards. It has finally managed to lose above the 4800 mark. Realiance was the king on Thursdays trade by moving up by 96 points and manged to close above 2170.I expect the nifty to move above the 4850 mak on Thursday

 

Buy ICICI bank

icici-bank-logo

Icici bank has clery given a brekpout on charts by closing the above the levels of 790. I would recommend a buy on this stock with a first price target of 807.7 which will act as amajor hurdle. 807.7 is also the 52 week high of this stock and since last 8 times the stock has failed to cross this level. But this time since last three ays the volumes have picked up in this stock so one can clearly say that by Thursday the 807 levels will be broken and new high will be made which can be be somewhere near to 840. So go long on this stock with a stop loss of 784 and mint money.

 

Buy Reliance Industries

reliance-logo-p

There is a lot of buying activity happening in this stock since last two days. I the has rose by 9 percent in couple of days. The volumes were also healthy. I expect the same trend to continue for some more days. The stock has finally managed to close above 2170 mark and on a days high. There is a rumour in the market that some big fund house is entering the stock at these levels. I would recommend a buy on this stock at current market prie with a first price target of 2250 and a second price target of 2325 in 2 days time frame.

 

Buy Larsen Turbo

lt

It’s a pure technical call. The stock is hoverning around the levels of 1600 since couple of days. I expect a positive breakout on charts above 1630 levels. If the stock managed to cross 1630 with volumes then a expect a price of 1750 in hrs only. Stay long in this stock with a stoploss of 1575 and enjoy the price target of 1750 very soon.

 

Levels for nifty

level of nifty

 

Nifty may give a flat to positive opening as the ata suggests. The support levels are 4780 and 4750 an 4850 will act as a hurdle.

 

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Nitin Gupta @ 09867427824

Email Us if you have any  Stock related problems :  Stocktips@currentopics.com

Disclaimer : These Recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments, no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.

Disclosure : The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis. The author does not accept any liability for the use of this site. Readers of this site who buy or sell securities based on the information.

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Pakistan not seems to prosecute Hafiz Saeed: Chidambaram

Posted Sep.06, 2009 under Featured, World

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Home Minister P. Chidambaram Sunday said Pakistan is showing ‘unwillingness’ to prosecute Hafiz Saeed, Lashkar-e-Taiba chief and the mastermind of the Mumbai terror attacks that left as many as 170 people dead last year.

‘(While) covering up is a very strong word, there is for some strange reason (an)unwillingness to take investigation forward (by Pakistan),’ Chidambaram told private news channel NDTV in an interview to be telecast Monday.

The home minister’s statement comes after Pakistan last week rebuffed the sixth and latest dossier as being a ‘rehash’ of earlier information on Hafiz Saeed and which was deemed inadequate to start a prosecution.

Revealing details of what India had given in the dossiers, Chidambaram said: ‘We know when (lone surviving terrorist Ajmal Amir) Kasab first met Hafiz Saeed and where. We know what Hafiz Saeed told the trainees. We know at least a couple of places where the training took place and that Hafez visited those training camps’.

Further, India has also said Hafiz Saeed had also given the terrorists aliases as well as tested their skills.

‘We know that he (Saeed) was accompanied by a person described as major general sahib. Hafiz Saeed told this person to set up 10 targets. Kasab fired at target number 4,’ said Chidambaram.

He added that Saeed had also made the ‘farewell call’ and also issued the ‘final instructions’ to the 10 terrorists in the Mumbai attacks.

‘So all this is known. Places, approximate dates, names, visits by Hafiz Saeed. On face of this evidence, how does a prosecutor say that I have no leads to investigation?’ Chidambaram said.

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Late Andhra CM condolence meet disrupted by his son’s supporters

Posted Sep.06, 2009 under Featured, World

2006120709200401

A meeting convened by the Congress party in Andhra Pradesh to condole the death of late chief minister Y.S. Rajasekhara Reddy ended here on Sunday as supporters of his son Y.S. Jaganmohan Reddy demanding that he be made the next chief minister.

Security personnel escorted Acting Chief Minister K. Rosaiah, state Congress chief D. Srinivas, union minister Jaipal Reddy and other senior leaders to safety as Jagan’s supporters tried to mob them at the meeting held at Gandhi Bhavan, the party headquarters.

Holding placards and pictures of YSR and Jagan, the party activists did not allow Srinivas to speak, forcing him to conclude the meeting in a hurry.

The trouble started soon after a condolence motion was moved and Srinivas rose to speak. slogans of ‘DS down down’ disrupted his speech. When all the appeals to restore order fell on deaf ears, the party chief announced that the meeting is over.

Visibly upset over the turn of events, Rosaiah and other leaders left the meeting hall.

Later, YSR’s long-time friend and Rajya Sabha member K.V.P. Ramchandra Rao entered the hall and made an emotional appeal to Jagan’s supporters to remain calm. He broke down while recalling his association with the late leader.

‘If you want his soul to rest in peace, please be calm,’ he appealed with folded hands.

He told them that Congress president Sonia Gandhi would hear their voice while taking a decision.

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Indian stock market calls-Nitin Gupta(07/Sep/09)

Posted Sep.06, 2009 under Featured, sensex

Currentopics.com

Market Guru

Nitin Gupta

 

Full Name : Nitin Gupta

Designation: Managing Director

Company Name: Gupta Consultancy Services

Experience in stock market: 9 years

Company Profile: Portfolio management Services

Today’s Call

 

Buy Punj Lyod

1_r2_c2

Punj Lloyd provides services to develop infrastructure for a host of industries. It lays down pipelines, tanks and terminals, refineries, power and civil infrastructure projects etc. The company had tough period in later half of FY2009. As global sentiments have turned positive, better performance is expected in FY10. It is likely to report a consolidated EPS of Rs.20/Share. At CMP Rs.255, it trades at 12.6 PE on forward earnings. Investors may BUY in range of Rs.245- 255 for a target of Rs.300 i.e. about 15PE on FY 10 estimates.  I would advise all of you to stay long on this stock with a stoploss of 250 and for a very short term price target of 300 plus may be by Friday.

Technical call

 

Buy Ifci

IFCI_300

Ifci has made a smart move on Friday by gaining 11 percent in intrday.   It is trading above the psychological mark since it’s a weekend closing, weekly closing for the stock and its closing at new highs for the upmove. So momentum should be good for the stock, I have seen intraday excellent addition in the open interest; Rs 70 is the short-term target we are looking for the stock. I would advise all of you to sstay long on this stock with a stoploss of 55.

 

Buy Suzlon Energy

suzlon

Suzlon has finally managed to close above the 100 levels on Friday. Fresh long postion have benn build up in this stock and it is looking quiet strong on charts and may give a break out any time. I would advise to stay long on this stock for a first price target of 110 and a second price target of 122.

 

Levels For Nifty

level of nifty

I expect a gap up opening for nifty. The support levels are 4700 and 4731 and the support levels are 4650 and 4602.

 

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NO ONE WILL GIVE YOU ALL SERVICES AT ONE PLACE & IT’S  FREE OF COST

Nitin Gupta @ 09867427824

Email Us if you have any  Stock related problems :  Stocktips@currentopics.com

Disclaimer : These Recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments, no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.

Disclosure : The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis. The author does not accept any liability for the use of this site. Readers of this site who buy or sell securities based on the information.

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Andhra CM YS Rajasekhara Reddy dies in chopper crash

Posted Sep.03, 2009 under Featured, World

2006120709200401

Andhra Pradesh Chief Minister Y S Rajasekhara Reddy and four other persons were killed in the helicopter that crashed in the Nallamala Hills in bad weather yesterday losing radio contact an hour after take off from Hyderabad.

The bodies of 60-year-old Reddy, who led his Congress party to a spectacular second consecutive victory in the Lok Sabha and Assembly polls, and his Special Secretary P Subramanyam, Chief Security Officer A S C Wesley, pilot Group Captain S K Bhatia and co-pilot M S Reddy were found on Rudrakonda Hill, 40 nautical miles east of here, besides the mangled remains of the helicopter.

The PMO said that five bodies had been found at the site where Reddy’s chopper wreckage was discovered atop a hill about 40 nautical miles from Andhra Pradesh’s Kurnoool district.

The helicopter carrying YSR Reddy, two of his staff and two pilots dropped off the radar on Wednesday morning due to bad weather conditions over the Naxal and tiger-infested Nalamalla forests.

A controversial twist was introduced into the case of missing Andhra Pradesh Chief Minister Y.S. Rajshekhar Reddy on Wednesday, when a private television channel revealed that the seven-seater Bell chopper that was carrying him to Chitoor, was not airworthy.

According to a Times Now report, the Directorate General of Civil Aviation (DGCA) certifcate shows that the chopper was last inspected two years ago. The certificate also describes the owner and operator of the chopper as being the Government of Andhra Pradesh.

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