The bulls seems to be in hold of the markets since a couple of days. The sensex made yet another very good close by gaining 375 points or 2.21% to close at 17353 levels and nifty was up by 104 points to close at 5115 levels. The US markets ended their day in green yesterday due to drop in crude oil prices and mixed economic data. And in the morning trade the Asian markets are also looking good and we can expect another good trading session today in Indian markets too.

The intra day calls made here yesterday gave around 3-6% each.So hope some of you might have made some good use of them. I would certain like to hear from some of you.You can leave your comments here. So some intra day calls for today: Reliance communications(cmp 589),PNB(cmp 537),IndiaBullsSecurities(cmp 116),Infosys(cmp 1891), Lupin(cmp 644), Hindalco(cmp 204), Mercator Lines(cmp 115), JSW Steel(cmp 1034), National Alu(cmp 517), Bajaj Hindustan(cmp 239).

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It was good recovering session for the Indian markets after a while and it did so in a style by gaining 225 points or 1.35% . The IT counter was doing well due to fall in rupee to 13 months low and now it is being traded at 42.44/45 per US dollar.This is mainly due to increasing crude oil prices which is touching the $127/barrel levels. Meanwhile there is also news that FIIs have pulled out $220 million from the Indian markets since May 8th and we too saw a fall in the markets since then.

Cements and secondary steel makers are planning to cut prices due Govt recommendations . This will have a positive impact on the inflation in the coming days. The US market stocks were also recovering partially due to lower inflation numbers which were released yesterday for the month of Mar. Reacting to this the Asian markets have started their day in green signaling a good day ahead for the Indian markets too. Now lets have a look at how the intra day calls made here performed yesterday.

Company           Previous Close           Day’s High         Day’s Close

Orchid                  Rs 258                        Rs 282               Rs 277(7.25%)

Titan Indus         Rs 1195                      Rs 1325              Rs 1294(8.4%)

Titagarh Wag     Rs 767                         Rs 802                Rs 776( 1.05%)

Moser Bear         Rs 185                        Rs 190                Rs 185(0.24%)

National Alu       Rs 482                        Rs 505                 Rs 498(3.22%)

JSW steel            Rs 959                        Rs 1045              Rs 997 (3.9%)

The other calls too did close well in green. Some Intraday calls for today:

Aishwarya Teleco(cmp 124),Lanco Infratech(cmp 514), Hind Zinc(cmp 734), Titan Industries(cmp 1296), DRL(cmp 676), Sonata Software(cmp 40), Shipping Corp(cmp 259), Chambal Fertilizers(cmp 72), I-Flex(cmp 1386),Tata Steel(cmp 886), JSW Steel(cmp 997),National Aluminium(cmp 498), Zee(cmp 231),Cairn(cmp 284),Rolta(cmp312),Mphasis(cmp249),Tulip IT(cmp 944), TechMahindra(cmp 932),

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Well yesterday the markets started off well and then due to heavy profit booking the markets lost some gains which it made during the day and closed 108 points down. The US markets were mixed yesterday after report on retail sales and new oil record prices came in. The Asian markets are also showing a similar trend today morning. But its very early to say anything now.

So give a look at some of the intraday calls for today: Orchid chemicals(cmp 258), Titan Industries(cmp 1195), Titagarh Wagons(cmp 767),Moser Bear(cmp 185), Gwalior chemical industries(cmp 84),National Aluminium(cmp 482),UCO bank(cmp 46), IndiaBulls Real estate(cmp 539),JSW steel(cmp 960),Max India(cmp 165), IFCI(cmp 60), Shiv-Vani Gas Explo(cmp 657).

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Thats a big breather for many.Yes, for the first time ever the Reserve Bank Of India(RBI) has come out with its professional forecasters survey very recently. And it supports the long term growth story of the Indian markets in general. Well we have seen the markets falling like a pack of cards since mid Jan 2008. From its peak of around 21000 points the markets lost about 21% along with all other Asian markets. And also the Indian markets have been slower to recover from its lows too as compared to other markets.

So after all these here is a good piece of news for many. The RBI which came out with its forecasters survey says that the median forecast for sensex by end of June  is around 16,907 points. The forecast figures by the end of Sept 2008(Q2) is about 18,235 points. And yes RBI is bullish on the Indian markets in the coming days and the forecast by the end of Dec 2008 is at 19,431 levels.

So by Dec 2008 end the Indian markets can be anywhere in between 19,000 and 20,000 points. So thats clear signal of total recovery from the lows of March 2008. We would be more than happy to see the markets reach those levels by the year end and recover totally from its lows.

Well in my opinion these forecast should be taken with a pinch of salt as the market conditions may turn any side in a given time due to several factors. Crude oil touching $124/barrel levels, rupee falling to 41 + levels, rising inflation and global cues can a severe impact on the markets anytime. But as always India will be the place from where the world is going to see some of the biggest advances in all spheres in coming time. And I always support the long term prospectus of Indian growth story.

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Well the markets are in a downturn for some time now.The whole of last week saw the markets losing around 5% each in sensex and nifty.You can watch out for the following intra day stocks : United Breweries( cmp 725), SEL manufacturing(cmp 454), BASF India(cmp 226), Radhe Developer(cmp 157), Max India(cmp 156), Gitanjali Gems(cmp 281), Wipro(cmp 501), Bank of India(cmp 326).

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Here I covered a news, few days back on inflation when the inflation was 7.57% and expected it to rise further till 8%. And that seems to be coming true now. The latest inflation figures released on Saturday for the week ending Apr 26th stands at 7.61%.But this time around it was on the expected lines of 7.60%. The inflation has been rising continuously since many weeks due to increase in the prices of many commodities.

The figures stood at 6.01% in the corresponding  week last year.So theres a significant rise in the inflation figures. The govt has already taken some measures like banning the future trading in some commodities like soya oil, channa, rubber and potatoes. The steel sector was asked to cut prices and it followed and now on line is the cement sector.

Reacting to this piece of news the Indian stock markets shed about 344 points or 2.01% and nifty lost 99 points.The whole of the last week has been pretty bad for the share markets. The rupee is also falling against the dollar and crude oil prices touched the $124/barrel mark already. This has created some sort of panic the world over and US markets were also down. Both sensex and nifty lost close to 5% each the last week.

The coming week is going to be very crucial and would be interesting to watch out for. Its advised to trade with caution and keep a look at the latest incoming news and trend in US and Asian markets.

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The markets were down yesterday and finally gained some momentum towards the end of the day due to fall in rupee against dollar due to which the IT company shares prices rose. The US markets were down by almost 1.6% to 1.8% yesterday and Asian markets also have started the day in deep red. So the Indian markets will also see a jittery session today.

So have a look at some intraday calls for today: Jai Corp(cmp 704), selan expo(cmp 260),IL&FS invest(cmp 187), Cairn(cmp 278), Essar shipping(cmp 175), TCS(cmp 966),Glenmark Pharma(cmp 672), Rashtriya chemical and fertilizers(cmp 77),Bajaj Hind(cmp 237), Relaince power(cmp 411.50).

Good Luck!

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The Indian share markets lost about 118 points in yesterdays trading while rest of the world markets closed flat or marginally up. Finally when the Rupee ended a record low yesterday, the IT company shares were back into trade and markets covered up a lot during the last trading hours. The IT company stocks were up. Meanwhile amidst much furore, the US markets closed up by a small margin. The crude oil prices have also hit $122/barrel. The Asian markets are trading mixed with Nikkei-225 up by 1% roughly and Hang Seng down.

So the Indian markets will also be trading around its previous closing figures. So lets have a look at some of the intra day calls for today:  Sterlite(cmp 862), Usha Martin(cmp 102),Infosys(cmp 1820),NIITLtd(cmp 109), Satyam(cmp497), UBI(cmp 172), UCO(cmp 51), ITC(cmp 225), SCI(cmp 256), LIC hou fin(cmp 361),TATA steel(cmp 816), Cairn India(cmp 259).

Popularity: 22% [?]

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