Sensex
|
Buy CMP 63.3.
SL < 63
Abe
Once again Ind mkts are over reacting. Be careful
Abe
Rel power has done well recently, hence might seem to have a bit to fall.
But going by the news flow, better do not take risk of shorting, whereas if
you have stock you may trade. But I feel that also may be risky in strong
nifty stocks...
Pick a weak nifty stock to short....
Abe
-----Original Message-----
From: sharetrading@yahoogroups.com [mailto:sharetrading@yahoogroups.com] On
Behalf Of sharetrading.moderator
Sent: Friday, June 18, 2010 11:37 AM
To: sharetrading@yahoogroups.com
Subject: [sharetrading] Reliance Power ID
Abe
What are the prospects of shorting Reliance Power ID today?
SM
------------------------------------
Please use your discretion before acting on the ideas expressed in the
group.
Happy Trading,
United we grow!!!Yahoo! Groups Links
Abe
What are the prospects of shorting Reliance Power ID today?
SM
Possibility of a down swing.
Abe
| Nifty is in bullish mode and watch out a levels of 5309 which is major levels. Strong support @ 5220 levels. --- On Thu, 17/6/10, abrahamputh <abrahamap@airtelmai
|
Kansai Nerolac Paints (KNPL) plans to invest Rs 400 crore over the next two years to augment the production capacity of its Hosur plant by 20 per cent, a top company official said today. The current capacity of the plant is around 15,000 tonnes. "As part of the second phase of the project, we want to increase its capacity by 20 per cent in the next two years. For this, we plan to spend Rs 400 crore," Kansai Nerolac Paints Chairman J J Irani said at the annual general meeting of the company today. A portion of the funds will be utilised for other projects as well, he said. KNPL posted a 70 per cent increase in net profit to Rs 1,706.38 crore in FY10 against Rs 1,374.51 crore in the same period last year. Irani said the company's market share in industrial paints and decorative paints stood at 42 per cent and 13 per cent, respectively. "We are doing well in the industrial paints sector. We are also picking up in the decorative segment, which (we) had started just few years back," Kansai Nerolac Paints Managing Director H M Bharuka said. Recently, due to an increase in excise duty, coupled with a rise in raw material prices, paint manufacturers across the country had increased prices. "We have increased our prices by 4 per cent in May and might increase it by 3 per cent by July," Bharuka said. Asked whether the eurozone crisis could have an impact on their business, Irani said, "Euro crisis will not have much an impact as fluctuations in dollar could, as raw materials are purchased in US currency." Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
The below view stands cancelled in view of strong showing by US markets near close of trade. Also a +ve opng exp in UK.
--- In sharetrading@yahoogroups.com, "A P Abraham" <abrahamap@...> wrote:
>
> I guess all long players have been neatly trapped with the smart up move.
> But as per Indian charts, it is so.
>
> However, look at shorting the market tomorrow if US remains so as of now and
> lower.. < 10320 DJI
>
>
>
> Short Nifty < 5277 on signal, with CF below 5240 and SL (1%) last high 5285+
> All spot...... This call is for RT's only. Real shorts can begin only at
> much lower level.. Long players, protect by writing 5100/5000 calls minimum
> at yr option. And tomorrow being a Friday, please protect positions or exit.
> There is danger ahead..... we have had 7 +ve days. It has to end sometime..
>
>
>
> Abe
>
Present target for US is 10800 or near.
Nifty – 5340, 5400.5500. Low is 5000. Do not worry till 5147….. Just hold on to the BULL WAGON……
It appears that Mukesh Ambanis entry into telcom, has invigorated the dead & written off sector.
Almost all stocks are screaming buys…………….. but exit on failure of SL or Nifty break down (BD)
Take
After sugar let us see how this fares…….. But since there is no commodity to track it is difficult to say direction. Hence keep a SL below 21DEMA.
Basically I guess 5400 could be a reasonable target if not abv…..
Abe
US closed at the high of the making almost complete reversal. In last 30 mins of trade. But still in range bound zone. Hence expect week end to close on a bullish note.
Sugar however seems breaking down, time to trade/ exit. 3% dn.
Some danger to nifty only below 5236 spot. Real danger below 5154.
Indian Stocks BSE |
| Posted: 17 Jun 2010 07:16 AM PDT Free Intraday Cash Tips from Tipz.in for 18th Jun 10 504076  ( JYOTI LTD. )
( KENNAMETAL )
( ASIAN PAINTS)
| |||||||||||||||||||||||||||||||||||||||||||||
| Posted: 17 Jun 2010 07:15 AM PDT |
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