NIFTY STRATEGY 28TH MAY 2010

WRITE 4600 PUT AROUND 40-42
WRITE 4700 PUT AROUND 53-55
WRITE 4800 PUT AROUND 73-75
AND SELL NIFTY JUNE FUT AT 5035 WITH SL OF 5150

Market Report for 27th May 2010

Wall St withers late on euro worry; Dow below 10,000
Asian markets open in red; Shanghai down 1%
BSE, NSE issue notices to Bank of Rajasthan for late info
RBI announces measures to boost liquidity
TMB's FY10 net up by 23%

Indian Hotels suffers Rs 137-crore loss in FY10
Bharti asks govt to continue with existing 2G spectrum criteria
HCL bags order for smart cards in Chd

Edelweiss keen on banking foray
Mahindra & Mahindra buys 55% in Reva to power electric car biz
Tata Tea creates three global 'power brands'
HPCL net down 85%
OIL Q4 net up 509%
Tata Steel loss for FY10 at Rs 2,009 crore
BWA auction: Govt rev crosses $2.6 bn mark on Day 3
Sugar stocks trip on oversupply, input costs
South Indian Bank announces 1:10 stock split

Performance for 26th May 2010

BUY 4900 NIFTY CALL AT 20 ON 25TH OF MAY BOOKED TODAY AT 30 AND IT MADE A HIGH OF 38.8

BUY NIFTY FUT AT 4868 MADE A HIGH OF 4925

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Market report for 26th MAY 2010

Tata Tele taps LIC, banks to pay for 3G bids

MTNL to invite fresh bids to outsource 3G network

Spicejet to raise $75 mn through share sale

Leela to raise Rs 750 cr through QIP, FCCB

GMR Infra plans to raise Rs 5,000 crore

Mahindra & Mahindra may buy strategic stake in Reva
HUL net jumps 47% on one-time gains

NSE bans Pyramid Saimira from trading from June 1

R-Infra to roll out 11 projects this year

RIL headcount dips by 1,314 employees in FY10

NTC to sell 10.5 acres of Mumbai mill land for Rs 1,000 cr
Tata MF launches Tata Gilt Mid Term Fund
Nagarjuna Const Q4 net up, guides Rs 3,700cr profit in FY11
HCC bags Rs 888-cr NPCIL contract
Hotel Leela plans to raise Rs 375 crore

Market Report for 25th May 2010

Wall Street ends down on worries about Europe.
Tata Chem to raise 4 bln rupees to fund growth
ICICI Bank falls 0.34 pc, BoR soars 10 pc on BSE
GE Shipping cautious on tanker segment in short-term

Ministerial meeting on fuel prices on June 7

Kalyani Steels FY10 net profit at Rs 43.3 cr

Lloyds Steel FY10 net loss at Rs 78 cr
FIIs hike stake in SpiceJet to 10.82%
Godrej brings insecticides biz under GCPL

Tatas to pump Rs 400 cr into chemical arm

 
Madras Cements FY10 net profit at Rs 354 cr
Opto Circuits Q4 cons net profit at Rs 66.1 cr
CRISIL assigns grade 4/5 to Hindustan Media Ventures IPO

Sun Pharma FY10 net profit down at Rs 1,351.1 cr

Performance for 21st May2010

BUY NIFTY 5000 CE AT 21,PROFITS BOOKED AT 31

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Market Report for 21st

Japan Q1 GDP up 4.9%
European FMs agree to rein in hedge funds, PEs
Greece fully repays 8.5 bn euro bond: Sources
3G auction ends; pan-India bid touches Rs 16,828 cr
Nifty ends below 200 DMA on panic sell-off
Ranbaxy recalls some batches of 3 drugs in Europe
Mahindra to launch pick-up in U.S. by year end
Drug maker Pfizer is eyeing a controlling stake in Piramal Healthcare. The latter has a market capitalisation of Rs 11,000 crore.
Exports up 36% in April, govt cautious
Larsen & Toubro wins Oman construction deal
Shree Cement to invest Rs 750 cr in Raj solar power plants

R-Infra may accept Tata Power's offer
Paper firms may raise prices by 5-7% in June
KFA likely to speed up debt restructuring
Delphi India to supply parts to three new small cars
Sivasankaran buys 23.5% stake in Nordic Tankers
Maruti plans to launch Alto with K-series engine

Performance for 20th May 2010

SELL NIFTY AT 5009 MADE A LOW OF 4901


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MARKET REPORT FOR 19th May 2010

Germany's short-selling ban sends jitters across int'l mkts
Japan steel maker's plan to buy stake in JSW comes close
Chinese markets at fresh one-year low; Hong Kong bounces
Manufacturing data hints US recovery pace slowing
Greece receives EU funds, but faces huge task ahead
TRAI to review 2G plan wired in controversy
Moody's says SBI rating may come under pressure
Godrej to raise $150 mn to buy Sara Lee stake
Bartronics net up three-fold to Rs 28.83 cr
StanChart to raise Rs 2,700 cr through its maiden IDR issue

L&T sees over 25% uptick in orders in FY11, may up outlook
L&T plans to sell Satyam stake, unhappy with Tech Mah
Tarapur Transformers lists at Rs 75 on bourses
NTPC to float $4.2 bn equipment tender
Tata Motors in talks to make cars in Mexico
MindTree to manage Carlyle's IT infra
Technofab Engineering gets SEBI nod for IPO
Godrej Consumer completes acquisition in Indonesia
Venus Remedies gets Indian patent for Aceclonefac Injection
BoR Board nod for amalgamation with ICICI Bank

Performance for 18th May 2010

SELL NIFTY AT 5040 MADE A LOW OF 5017

SELL ICICI BANK BELOW 888 MADE A LOW OF 882.5

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Market Report for 18th May 2010

Asian stock opens higher
U.S. Senate votes no on IMF aid to troubled nations
US continues anti-dumping duty on Indian shrimp imports
Drugmaker Novartis loses U.S. gender bias trial


China feels pain of weak euro -The yuan has risen strongly against the euro and this appreciation will harm Chinese exporters, a Commerce Ministry official said on Monday.
China ups US bond holdings
Gold zooms to all-time high
General Motors posts Q1 profit
U.S. credit card delinquencies down again in April
Indian Stocks

Whirlpool Q4 net rises three-fold to touch Rs57 cr
BHEL-ABB lowest bidder for transmission project
Essar inks power purchase pact with GUVNL
L&T Finance, L&T Infotech plan to tap capital market

Godrej prop Q4 profit up 218%, to grow in 4 new cities
GAIL q4 profit surges 45%, declares 55% dividend
TRAI gives Rs 6,440 cr bonanza on lower annual licence fee
Patel Engg sees 30 bln rupees orders in Q1
Pound hits 13-month low vs dollar
Euro tumbles to 4-year low on debt
Rupee hits 2-month low on euro zone debt woes
Maruti appoints Nippo as consultant for test track development
Maruti to announce fresh capacity increase
Essar Energy signs PPA for Salaya II
KSK Energy's 135-Mw Wardha unit goes on stream
J&K Bank registers profit of Rs 512.38 cr
Triveni looking for buyer for retail venture
India's rice output may touch 99 mn tonnes in 2010-11: USDA
Samsung doubles 2010 capex to record $16 bn
SAIL to set up two plants with Posco
FinMin temporarily suspends e-filing of I-T returns
FIIs not very bullish on financial stocks
Tata Power offers to take 4 lakh customers

Oswal Chemicals Q4 net loss at Rs 7.7 cr
Patni brothers to ink stake sale pact this week: Sources
Chambal Fertilisers & Chemicals: Board recommends dividend
Nalco Q4 PAT up 370% at Rs 391 cr
Videocon Ind Q4 PAT up 104% at Rs 149 cr
SEL Manufacturing Q4 net profit at Rs 9.5cr
Founders offer to buy stake in ABB
Hindustan Motors to double TN capacity by 2012
Spice Mobiles Q4 FY10 net profit at Rs 23.3cr
DLF Q4 net doubles, sees more growth
Telcos may have to raise Rs 50,000 cr to fund 3G rollout
NALCO Q4 net more than quadruples
L&T Q4 net up 44% to Rs 1,438 cr
Monsoon reaches Andaman islands - Met office

Performance for 17th May 2010

BUY NIFTY MAY FUT AT 4982 MADE A HIGH OF 5074.8


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Market Report for 17th May 2010

US STOCKS tumbled for a second straight day on Friday as escalating eurozone debt fears roiled European markets and sharply boosted safe-haven buying of dollar and gold.
THE European Bank for Reconstruction and Development said on Saturday it had increased its 2010 growth forecasts for Eastern Europe from 3.3 to 3.7 per cent but warned recovery remains fragile.
SPAIN'S government, under pressure on the markets and from its EU partners, said on Friday it is considering taxes hikes to help slash the public deficit, in addition to other unpopular measure already announced.
Spain, Portugal set tone as austerity sweeps Europe
Rome said last week that it would need to add some five billion euros to the 20 billion euros (25 billion dollars) it planned to trim from 2011-12 spending in order to lower the deficit to 2.7 percent in 2012.
Portugal on Thursday ordered deep wage and spending cuts along with higher taxes to slash the public deficit by more than half.
A day earlier, Spanish Prime Minister Jose Luis Rodriguez Zapatero announced a raft of measures totalling 15 billion euros including cutting civil service pay by five percent.
Spain's long-awaited jobs reform, likely this week, will cut the cost of hiring and firing. The reform is key to Spain's ability to create jobs, pay down its debts and build up muscle to turn around an economy which shrank 3.6 percent year-on-year in 2009.
In Britain, among the first steps taken by new Conservative Prime Minister David Cameron on Thursday was to order a five-percent salary cut for cabinet members.
In Italy, while a tax hike seems out of the question, the government said Thursday it would withhold development funds from four regions running large healthcare deficits, telling them to raise local taxes.
Geithner confident EU will resolve crisis, yuan will rise
INDIAN STOCKS
RPower net up 3-fold to Rs 683 cr
RNRL profit up 27 %
R-Infra's yearly net rises despite dip in 4th quarter
RCom Q4 net profit falls 16 per cent
Axis Bank inks largest ATM outsourcing deal
Jindal Power may launch Rs7,200 cr IPO by June-July
ITC pushes Bharti out of top 10 m-cap firms
Q4 blues: SBI seeks more time for higher NPA provision
New urea policy will allay industry fears on gas price
EIL FPO likely mid-July; 4 merchant bankers shortlisted
Oriental Bank plans branch in Dubai
Tata Motors plans passenger car launch in Thailand
PTC, Ashmore launch fund for power projects
DLF to raise Rs 2,700cr to reduce debt by a third
RIL signs MoU with Russian firm to make butyl rubber
ATF price hiked by Rs104 to Rs42,556 a kl in Delhi
Rajesh Exports scouts for gold mine
GMR to bid for Maldives airport project
Air India clocks 16.7-pc growth in number of passengers
Two-wheelers: 13 large cities to go BS-III from Apr 1
Three firms shortlisted for CIL's $2-bn overseas projects
SAIL to set up Rs 60,000-cr steel project in Jharkhand
Indian economy to grow by 8.5 pc in 2010-11: CII

Performance for 14th May 2010

SELL ICICI BANK BELOW 919 MADE A LOW OF 905


BUY NIFTY GIVEN AT 5180,SL HIT AT 5162


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Performance for 13th May 2010

SELL NIFTY FUT AT 5210 MADE A LOW OF 5165.4

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Performance for 13th May 2010

BUY NIFTY AT 5140 MADE A HIGH OF 5174.4

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Performance for 12th May 2010

SELL NIFTY MAY FUT AROUND 5176-5180 MADE A LOW OF 5122

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Performance for 10 th May 2010

BUY NIFTY MAY FUTURES GIVEN AT 5094 ,BOOKED AT 5140.IT MADE A HIGH OF 5208.8

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Performance for 7th May 2010

BUY 5100 MAY NIFTY CALL AT 78 GIVEN ON 7TH MAY 2010 BOOKED AT 100 ON 10TH MAY 2010



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Performance for 6th MAY 2010

SELL NIFTY FUTURES GIVEN AT 5100-5095 MADE A LOW OF 5025

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Greece in Turmoil -By Deepak Shenoy of Capital Mind.

Greece in Turmoil
And it’s not about the debt, it’s about the bailout.
After huge tax raises, and massive cuts in spending, Greek protestors have taken over the streets, says the Financial Post. (Pics at the Business Insider).
The Athens market has been dropping over the last few months and is now half the value it was in October 09. Still, it’s above the lows of Jan/Feb 09.

Greece just got a 110 billion euro bailout on the condition that it cuts spending like crazy and raises revenue to reduce the deficit. But that doesn’t help – when you cut expenditure, where do you get revenue from?
Let’s understand this. The government makes revenue through taxes. In Greece, the highest tax rate is 40%. But there’s a very huge amount of “black” – under/undeclared income. And a large part of Greek employment is public sector, which is going to be hit by the spending cuts (two weeks of pay will be cut, and bonuses too). Given the black part, most of government taxes are coming from government spending itself, it seems – and when you cut spending, you’ll cut revenue. The deficit stays.
The alternative? Default. Tell borrowers to take a haircut on the loans. The option of “print money to pay them” is not available – Greece has no control over its currency, the Euro. So if borrowers are asked to take a haircut, who suffers? First, Greek banks. They are likely to be instantly bankrupt, because government bonds are supposed to be ultra safe and a good portion of bank funds will be in government bonds. Then, other European banks that have either bought Greek debt or lent to the Greek banks. Finally, shareholders of these entities.
It’s a tough choice. I’m now thinking aloud. It might be better to simply default and live with the consequences. That means do the austerity thing, that has to be done anyway. But ask creditors to take big haircuts and be done with it. But how do they raise more money, you say? There is way too much cheap money on the planet; once Greece defaults, the money will come if they’re serious about the austerity. If they have to do the austerity anyway, might as well do it without having the debt overhang for what might be a century! It might throw them out of the Euro, but does that matter? Going back to printing Drachmas is probably quite acceptable to everyone by now.
Russia defaulted in 1997-98. On not just foreign currency loans, even on ruble loans, loans for which it COULD have printed money and returned – it didn’t, it just defaulted. And now it’s part of the BRIC and people do lend it money.
Why isn’t Greece doing it? Because everyone wants to dance. If Greece defaults, the contagion will spread really fast. The rest of the PIIGS may choose to default. That will take out nearly all of the banking system worldwide, but what’s left behind will be better institutions. As scary a prospect that is – it will change all our lives in ways we cannot even begin to imagine – it might just be the thing that makes our future substantially brighter than it seems today. I need to make a much longer post – or an article – about this. Right now, it’s just a thought.

The full article can be read from http://www.capitalmind.in

This article is posted here after taking the permission from Deepak Shenoy Sir.

Investment Call

BUY MARUTI AT 1280 TGT 1320/1340



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Market Report for 5th May 2010

U.S. equities tumbled the most since February, prompting declines in Australia and New Zealand stocks, while the euro slid to a one-year low on concern Europe’s government debt crisis is spreading.

Spain - The NEXT Greece ???

Spanish Prime Minister Jose Luis Rodriguez Zapatero said speculation of a bailout for Spain is “complete madness” and the nation has “strong solvency.”


Indian Markets:- Our markets are expected to open lower and it is better to avoid long positions.

Write 5300 and 5200 calls.

Investment Call

BUY HDFC AROUND 2825-2830 FOR A TGT OF 2900 2920


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