December 2010
Thursday, December 9 2010
how many of u hv read mr chandrashekhar's open letter to ratan tata ........
since last 2/3 yrs ..... the saying has come true ...... circumstances changeth the man ........ when in deep troubles with billions of dollars of debt ........ the man has changed for sure ........
playing the market became in-evitable as private placement / rights issues to succeed .... need high equity market support .......
and when the lure of money came .... by way of placement to docomo .... and otherwise the cash balances stretched to the limit for the group ...... may be he has fallen prey ......
just goes to prove .... he is also as human as anyone else ... although not in the same category like the sterlite agrawal or essar ruia .....
any comments ? ? ?
Thursday, December 9 2010
nifty spot intra
short / long - 5922 / 5935
stoploss - opposit
L targets - 5948/61/74/87
S targets - 5909/5896/83/70/57/44
Thursday, December 9 2010
| INTRA DAY | date | 9th december 2010 | ||
| stock | go | entry | targets | stoploss |
| BANK NIFTY | short | 11480 | 11440/400/360/320/280/240/200 | 11520 |
| long | 11520 | 11560/600/640/80/720/60/800 | 11480 | |
| RELIANCE | short | 1020 | 1012/1004/996 | 1024 |
| long | 1028 | 1036/44 | 1024 | |
| TATA MOTORS | short | 1340 | 1332/24/16/08/1300 | 1348 |
| long | 1348 | 1356/64 | 1340 | |
| UNITED SPIRITS | short | 1438 | 1426/14/02/1390 | 1444 |
| long | 1450 | 1462/74 | 1444 | |
| lic hsg fin | short | 968 | 962/56/50/44/38/32/26 | 974 |
| long | 974 | 980/86/92/98/1004 | 968 | |
| ICICI | short | 1101 | 1097/92/88/83/79/74/70 | 1106 |
| long | 1106 | 1110/15/19/24/28 | 1101 | |
| SBI | short | 2797 | 2780/63/46 | 2814 |
| long | 2814 | 2831/48/65/82 | 2797 | |
| JSPL | short | 694 | 690/86/82/78/74 | 698 |
| long | 698 | 702/06/10 | 694 | |
| LT | short | 1994 | 1983/72/61/50 | 2005 |
| long | 2005 | 2016/27/38 | 1994 | |
| AXIS | short | 1258 | 1248/38/28/18/08 | 1268 |
| long | 1268 | 1278/88/98 | 1258 |
Wednesday, December 8 2010
last nov - nov 2009 - was the time when cash for scrap scheme was on in most european countries as well as UK ......
so this nov - nov 2010 - car sales figures r lower tha nov 2009 car sales figures ......
same will be true for JLR as well ......
what does that mean for tata motor stock ...... while th profit figs of JLR will be dainted for this qtr .... they still wl be reasonably similar to sept qtr figures ... since festive month in europe is on ... and some uptick can be expected over oct / nov figures .. which may not be really good.
tata motors shud drift lower .... not slide ..... from here on and no - entry in a hurry - is warranted as valuations will definitely come down after nov nos are announced on 15th dec ......
in domestic market ... nano episode cannot be forgotten ..
Wednesday, December 8 2010
HDFC ....
all large brokerages r reluctant to give a negative view on this HOLY COW of indian stockmarket .......
is it out of RESPECT .... or because of HNI and institutional book that they carry ...... needs to be investigated .........
i am the only person who is time and again saying that the stock is overvalued .... in view of last two qtly results .......
and now deferment of HDFC life issue ... and increase in FD rates by all PSU banks will hurt even more ........
keep that in mind .......
