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Monday, February 15, 2010
[sharetrading] L&T & BHEL - BOOK PROFIT
Book profit in BHEL & L&T Both calls are fired>>>>> --- On Tue, 16/2/10, Adarsh Vn <adarsh_vn@yahoo.
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[Ways-2gain] Union Budget FY11 Expectations: A tightrope walk (IDFC) [1 Attachment]
As the markets gear up for yet another Union Budget, the mood remains sombre. With economic growth surprising on the positive, the government now faces the tough task of balancing stimulus withdrawal while maintaining growth momentum. The momentum in economic growth (CSO estimates of FY10 GDP growth at 7.2%) now calls for withdrawal of stimulus measures. The RBI has already taken the first step forward (with ~40% of the stimulus already withdrawn) in this direction. We expect the government to commence the rollback of fiscal stimulus measures by reverting excise and customs duties to the pre-crisis levels. We, however, expect continued thrust on the flagship social spending schemes (e.g. NREGS) and Bharat Nirmaan program – both of which could see a reasonable increase in allocations in the current budget. We also expect the right policy stimulus on infrastructure sector. On the reforms front, we expect a mix of rhetoric (largely on the GST and Direct Tax Code) interspersed with some action – especially around foreign ownership in insurance. Divestments have, so far, met with reasonable success and consensus expects divestments continuing into fiscal 2010. As benefits of revenue buoyancy (led by pick-up in tax collections) get offset by elevated expenditure and higher subsidies, we do not expect any significant decline in absolute borrowings by the government in FY11. We expect the Centre's fiscal deficit to decline to 5.7% of GDP (on a revised base) in FY11.
The budget is expected to be positive for the following sectors:
Sector | Comments |
Agri/Agri-related | With Food Security being the priority and agri inflation the priority, expect increase in allocation towards agriculture, irrigation and agri infrastructure. |
Engineering/ | Thrust on schemes such as APDRP and RGGVY to continue and engineering companies to be key beneficiaries |
Financials | Expect capitalization of PSU Banks to be passed during the budget. Hike in insurance FDI limit could be a key positive |
Infrastructure | Focus on infrastructure spending to continue which will continue to drive order flows for construction companies and asset ownership opportunities for infrastructure developers. |
Oil & Gas | Clarification on Section 80 IB deduction on Gas exploration for Pre NELP and NELP I-VII blocks |
Real Estate | Affordable housing could be the theme for the budget |
And negative for the following
Sector | Comments |
Automobiles | Excise duty on small cars, 2Ws and CVs likely to be hiked by 4% |
Cement | Excise duty concessions announced in the stimulus packages to be removed |
FMCG | Roll back of stimulus – excise duty increase from 8% to 10% to be marginally negative |
Telecom | Increase of MAT rate from current 16.5% could see lower reported earnings while hike in customs duty to impact future capex plans of telcos |
The bull-run in the markets through 2009 has been (temporarily) halted by rising concerns around monetary tightening and funding of the outsized fiscal deficit. The global economic scenario has also thrown up negatives around the weak fiscal position of countries in the EU and weaker-than-
IDFC - SSKI Research
Management lies in dropping the last alphabet: manage – men. still better, drop one more alphabet: manage – me.
Samir Kumar Shah.
9830405060
Attachment(s) from samir shah
1 of 1 File(s)
[sharetrading] Premktcall :- Buy JKIL cmp 185 tgt 190-195+
Premktcall :- Buy JKIL cmp 185 tgt 190-195+ |
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[www.wavetimes.com - Elliot Wave tips] Premktcall :- Buy JKIL cmp 185 tgt 190-195+
Premktcall :- Buy JKIL cmp 185 tgt 190-195+ |
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[sharetrading] Day Trading Calls with Market Review for 16 Feb 2010
Day Trading Calls with Market Review for 16 Feb 2010
Nifty ended the day in red after posting a positive weekly close for the week. From here, 4745 becomes a very important support, as a break and close below the level would indicate the start of the next leg down, as 4745 is considered to be the low of wave B in this upward corrective pullback. On the higher side, 4846 is a crucial resistance, as only a break above that will lead to continuation of this pullback. Hence, Nifty now remains in a narrow range of 4745-4846 and a break on either side will determine the further move. Since this pullback has retraced only 23.6% of the recent sell-off, we believe it has some more steam left on upside to test its 20 daily moving average (DMA), which is near the 38.2% retracement level. Hence, we maintain our bias up in the short term with a reversal below 4745.
Nifty Close 4802
Nifty Support 4746/4676/4600
Nifty Resistance 4846/4920/4950
- Buy Aban 1189-1190 SL 1179 TGT 1220
- Buy Adlabs 225-226 SL 222 TGT 229-232
- Buy Sterlite 744-745 SL 734 TGT 758-765
- Buy Tata Steel 537-538 SL 528.80 TGT 548-554
--
With Regards,
Kushagra Mehta
http://www.daytradi
Happy Trading,
United we grow!!!
[sharetrading] Nifty, L&T & BHEL - BUY
Nifty range 4775-4800-4850 levels. Above 4850 can kiss 4880 levels. Below 4775 levels can breach 4750-4720-4700 levels. One can BUY L&T (F&O) around 1430 levels for a target of 1450 above SL 1418 BUY BHEL 2340 levels for a target of 2368-2380-2400 levels SL 2320 |
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Bonus Issues, Stock Splits, Rights Issues, IPO Updates: Protected: Dalal Street Hot Chips Buy Calls: Sundaram Multi Pap
Bonus Issues, Stock Splits, Rights Issues, IPO Updates: Protected: Dalal Street Hot Chips Buy Calls: Sundaram Multi Pap |
- Protected: Dalal Street Hot Chips Buy Calls: Sundaram Multi Pap
- Castrol India bonus issue
- Technical Analysis - Maruti Suzuki - 14 Feb 2010
- Technical Analysis - Infosys Technologies - 14 Feb 2010
- Empower Industries approves bonus issue 23:2
Protected: Dalal Street Hot Chips Buy Calls: Sundaram Multi Pap Posted: 15 Feb 2010 03:25 PM PST |
Posted: 15 Feb 2010 03:21 PM PST *The password to see Dalal Street buy calls is: LIFEISCOLOURFUL. This password is only available to email subscribers* *The password to see Dalal Street buy calls is: LIFEISCOLOURFUL. This password is only available to email subscribers* Castrol India said its board will meet on 18 February 2010 to... Read More... |
Technical Analysis - Maruti Suzuki - 14 Feb 2010 Posted: 15 Feb 2010 03:17 PM PST *The password to see Dalal Street buy calls is: LIFEISCOLOURFUL. This password is only available to email subscribers* *The password to see Dalal Street buy calls is: LIFEISCOLOURFUL. This password is only available to email subscribers* Maruti Suzuki (Rs 1,355.2) - Maruti was in a gentle decline... Read More... |
Technical Analysis - Infosys Technologies - 14 Feb 2010 Posted: 15 Feb 2010 03:13 PM PST *The password to see Dalal Street buy calls is: LIFEISCOLOURFUL. This password is only available to email subscribers* *The password to see Dalal Street buy calls is: LIFEISCOLOURFUL. This password is only available to email subscribers* Infosys Technologies (Rs 2,497.7) - Infosys rebounded smartly... Read More... |
Empower Industries approves bonus issue 23:2 Posted: 15 Feb 2010 02:07 PM PST *The password to see Dalal Street buy calls is: LIFEISCOLOURFUL. This password is only available to email subscribers* *The password to see Dalal Street buy calls is: LIFEISCOLOURFUL. This password is only available to email subscribers* Upon news of Empower Industries bonus issue, Empower... Read More... |
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