Sensex

Tuesday, February 09, 2010

[Ways-2gain] Honda

 

Honda recalls another 438,000 cars for airbag risk

By Chang-Ran Kim and Soyoung Kim

TOKYO/DETROIT (Reuters) - Honda Motor Co said it would recall another 438,000 cars globally to replace an airbag deflator that could rupture and send shards towards the driver in an accident.

The move follows a separate recall of 646,000 cars less than two weeks ago for a faulty window switch that engulfed a Jazz subcompact in flames in South Africa, killing a child.

Japan's No.2 automaker had previously filed recalls for the airbag problem on two separate occasions, in November 2008 and June 2009, covering a total 510,000 vehicles.

Ongoing investigation had determined the defect was caused by insufficient stamping pressure during the production of the inflator propellant and not by excessive moisture intake by the propellant as previously believed, Honda said.

The airbags are made by the U.S. unit of Japan's Takata Corp, a Honda spokesman said. A Takata spokesman said the company was not aware of any defect in airbags it supplies to other automakers.

The expanded recall is concentrated in the United States, where nearly 379,000 cars are subject to the recall. All cars to be recalled globally are made at Honda's U.S. and Canadian plants. The latest recall applies to 2001 and 2002 model-year Accord, Civic, Odyssey, CR-V, Pilot and 2002 Acura TL and CL vehicles in the United States.

The Honda spokesman said the recall would cost the company about 24 million yen ($267,000) in Japan, or about $67 a car. He declined to disclose a global estimate, but based on the per-unit cost in Japan, the global tally would come to about $30 million.

The airbag defect has been linked to one fatality and 11 injuries in the United States. There have been no reports of accidents elsewhere, Honda said.



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[sharetrading] 9AM with Emkay

 

 
9AM with Emkay - 10 February, 2010

The Morning Meeting Notes as on 10th February, 2010.

 

Contents

n        Dealer Comments

The markets opened today's session on a negative note with 60 odd point's downward gap mirroring mixed and subdued cues from the global markets. After the initial jolt markets recuperated as renewed buying interest led by easing of European credit and growth worries leading to a slowdown paved the way for positive sentiments on the bourses in today's trading session. The day's late rally was mainly led by buying in technology, cement, banking, pharma and select telecom and capital goods stocks while selling in oil & gas, fmcg and realty stocks capped the gains to some extent. Finally after a weak opening the markets continued to travel northwards to close on a positive note towards the end with Sensex gaining 107 points or 0.67% higher to settle at 16042 levels while Nifty gained 32 points or 0.68% higher to settle at 4792 levels. The overall market breadth indicating the strength of the market remained positive as broader markets also witnessed buying action with Midcap index and Smallcap index gaining almost 0.5% each and was at 1.1 x. The overall traded volumes were extremely lower compared to the earlier by almost 24% and were at Rs 851 bn. While delivery based volumes were marginally higher compared to the earlier day at 32.4% of the total traded turnover. Among the Fund activities FII's were net sellers to the tune of Rs 8.40 bn while Domestic Funds were net buyers to the tune of Rs 0.37 bn respectively on 8th February 2010. While on 9th February 2010, FII's sold shares worth Rs. 5.25 bn in cash segment (provisional) while in the F&O segment they were net buyers to the tune of Rs 10.20 bn whereas Domestic Funds bought shares worth Rs. 3.99 bn (provisional).

n        Technical Comments

Still within the falling channel: Although, Nifty managed to close in green, on the back of buying interest in technology, pharma and banking, the surge was a bit lazy with no real buying pressure. On charts, Nifty is still unable to clear the upper boundary of the falling channel and hence relief rally seems to have ended. Unless Nifty manages to clear the resistance of 50-HEMA probability of 4675 getting violated is very high. So we still maintain our sell on rise stance.

BSE Realty: Selling pressure continued in the BSE Realty index and it finally closed at 3289 with a loss of -1.21%. Going forward this index is still looking weak and thus we maintained our downside target of 2965.

 

 

 

 








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DG - CLSA - India Markets [1 Attachment]

 
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[www.wavetimes.com - Elliot Wave tips] Daily Performance Report- Online/ BTST/ Option/ Sure-shot (Cash/Deriv) Dated 9th

 

Daily Performance Report- Online/ BTST/ Option/ Sure-shot (Cash/Deriv) Dated 9th  Feb 2010

      Visit at: http://nse-bse.blogspot.com TO VERIFY THE CALLS YOURSELF

Scripts

Date

Type

Action

Entry

Target

Net P/L

Unit/Lot

Max Pro/ Loss

POLARIS

9-Feb

Intra-Day

BUY

159

161.5

2.5

2800

7,000.0

ESSAROIL

9-Feb

Intra-Day

BUY

140

140

0.0

1412

0.0

TATAMOTORS

9-Feb

Intra-Day

BUY

674

684

10.0

850

8,500.0

HINDALCO

9-Feb

Intra-Day

BUY

135

137.5

2.5

3518

8,795.0

IDBI

9-Feb

Sure-Shot

BUY

118

118.5

0.5

2400

1,200.0

SBIN CA 2010

8-Feb

Option

BUY

33

33

0.0

132

0.0

HINDALCO CA 140

9-Feb

Option

BUY

4.35

5

0.7

3518

2,286.7

NIFTY CE 4800

5-Feb

Option

BUY

105

115

10.0

50

500.0

MRPL

6-Feb

Positinal

BooK Part

76.5

78.25

1.8

4450

7,787.5

CENTRYTEX

5-Feb

Positinal

Book 75%

478

486

8.0

848

6,784.0

SBIN

5-Feb

Positinal

Book 75%

1950

1962

12.0

132

1,584.0

UNIPHOS

8-Feb

BTST

BUY

153

155

2.0

1400

2,800.0

YESBANK

8-Feb

BTST

BUY

240

240

0.0

2200

0.0

 TOTAL PROFIT/ LOSS IN RS.

47,237.2

 

 

 

 

 

 

 

 

 

Daily Performance Report- Nifty/ Bank/ CNXIT Calls

NIFTY

9-Feb

Intra-Day

BUY

4750

4818

68.0

50

3,400.0

BANKNIFTY  AVG

9-Feb

Intra-Day

BUY

8280

8440

160.0

50

8,000.0

CNXIT

9-Feb

Intra-Day

BUY

5530

5610

80.0

100

8,000.0

 TOTAL PROFIT/ LOSS IN RS.

19,400.0

 GRAND TOTAL NIFTY & BANK NIFTY POINTS GAIN

308.0

 Visit at: http://ibnservices.blogspot.com/ for Service Details

http://finance.groups.yahoo.com/group/ibnservicesdelhi/

Pls add our Yahoo/ GTalk Messenger id: ibnservicesdelhi / ibncommodity

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Excellent Elliot wave analysis for FREE from experienced NRI multinational banker based outside of India - http://www.wavetimes.com (A MUST VISIT)
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[sharetrading] ASIA

 

Some markets are misbehaving. So the call of buying at opening is cancelled. Wl do so intra day……………

Abe

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Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
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[sharetrading] ASIA

 

Asia has opened strongly and not tested the minimum SL yet……….

Though none have given the carry forward signal, ID is a buy on all of them………..

Abe

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Please use your discretion before acting on the ideas expressed in the group.
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[sharetrading] NIFTY

 

New SL for nifty 4779

 

Abe

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Please use your discretion before acting on the ideas expressed in the group.
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RE: [sharetrading] gujrat nre coke.

 

Adarsh

Gd to invest based on fundas. Gr8. Keep it going. Also mention if it is a buy technically…Nobody to take offence. It is all with gd intention……… The joy of sharing…….

Abe

 


From: sharetrading@yahoogroups.com [mailto:sharetrading@yahoogroups.com] On Behalf Of Adarsh Vn
Sent: Tuesday, February 09, 2010 7:53 PM
To: sharetrading@yahoogroups.com
Subject: Re: [sharetrading] gujrat nre coke.

 




Dear Mr.Sunil,

 

Why you want to take NRE Coke ??? Is there any particular reason...? The 3rd quarter result of the company is not good.  In the same range you can invest some other companies. Rohit Ferro is a good buy for short to medium term as the fundamentals are looking attractive. Apart from that you can think about Deccan Gold a long time prospects

 

Regards,

Adarsh

--- On Tue, 9/2/10, sunil das <sunil_das260@yahoo.com> wrote:


From: sunil das <sunil_das260@yahoo.com>
Subject: [sharetrading] gujrat nre coke.
To: sharetrading@yahoogroups.com
Date: Tuesday, 9 February, 2010, 6:08 AM

 


Dear all,

 

it right to take gujrat nre coke.

 

thanks in advance.

sunil




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__._,_.___
Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!
.

__,_._,___