Due to bad Asian and World markets and rising crude oil prices which touched $146/barrel,the Indian markets also most wiped out all the gains that it had made in the previous trading session. Sensex lost 570 points to close at 13,094 levels and Nifty was down by 168 points to close at 3,926 levels.

Amidst much furore of crude oil prices, and the nation losing 62,000 jobs in the sixth consecutive month ,the US markets closed in a mixed trend.Dow was up by 0.65% and Nasdaq was down by 0.27%. The Asian markets are also reacting in the similar fashion and Nikkei-225 is currently down and some other key Asian markets are flat or marginally up.

Now we can expect the IT,Telecom and Pharma stocks to do well in coming days if a positive results come in for them in the Q1 results which will kick start from Jul 11 with results from Infosys.

Now lets have a look at  some intra day calls: UBI(cmp 112),Cairn(cmp 258),Orchid(cmp 243.2),IOCL(cmp 341),HPCL(cmp 181),Thermax(cmp 374),SBI(cmp 1102),Anu’s Lab(cmp323),BOB(cmp 211).

Popularity: 4% [?]

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The surprise rise of 703 points in sensex yesterday took many investors by surprise. Due to range bound Asian  markets the stock markets were looking flat in the first half,then the news of share buy back from country’s largest realty player came in. And the European markets were also looking good initially,so this led to a good recovery in the markets in the second half. And sensex shut shop at 13,665 up by 703 points or 5.42% over its previous close. Similarly the nifty was up by 197 points to close at 4093 levels ,up by over 4.80%.

All the realty stocks which were heavily beaten till now recovered to some extent.DLF gained 15% at close,Ansal properties gained 28%,Akruti city gained 20%,HDIl was up by 19.%.  The calls made here also gave some very good returns,the best being India infoline which gained almost 22% intra day.Other calls like NTPC was up by 4%,Titan was up by 4.3% and many other gained.

But due to crude oil price surge above 144$/barrel, the US markets were trading weak with Dow and Nasdaq losing 1.4% and 2.3% respectively. A gap down opening is also seen in the Asian markets currently. So we too can see a two side movement in the Indian markets today. If the realty sector does well owing to the share buy back issue,then we can expect another small rally in the markets today.

Lets have a look at some of the calls for today: DLF(cmp 424),NTPC(cmp 159),RPL(cmp 174),HDIL(cmp 402),Unitech(cmp 171),satyam(cmp 463),Praj(cmp 170),Punj Lloyd(cmp 217),Rcom(cmp 418),India Bulls Real estate(cmp 286), IVR prime(cmp 190),BOI(cmp 223).

Popularity: 6% [?]

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With every passing day the Indian markets are touching new yearly lows in 2008.Atleast these are what the indications are from the Indian share markets. And from the highs of Jan 2008 when sensex touched 21,207 levels, the markets have already lost 39% this year till yesterday,Jul 1st,2008. The only relief being the Chinese market which has lost nearly 48% in the current year.

The stock markets crashed by another 500 points or 3.71% from its previous close and nifty shut shop at 3897 down by 144 points of 3.69%. Midcaps and small caps lost about 4.8% each. The realty,banking and auto were the worst hit ones. The next support level for nifty is at 3,640 levels and sense may find support at 12,300 levels.

This has led to ousting of India from the trillion dollar club economies. Now the total worth of all the listed companies in the Indian markets stand at $966 billion. Meanwhile in yesterdays trade the US markets closed marginally up gaining 0.3% to 0.5%. Nikkei-225 seems to be continuing the 9 day falling streak.Nikkei-225 and Hang Seng are trading lower now by close to 1% each. So a both side movement is expected today also. Markets may further slide from here on.

The main reason behind the steep fall in the Indian markets are being attributed to rising international crude oil prices, rising inflation, political uncertainties and higher interest rates. The P-E ratio of Indian companies now stand at 13.34 times down from 28.5 times in the beginning of the year. All these are also putting an impact on the Rupee which is now expected to head towards 44 levels.

Now time for some Intra day calls for jul 2: HCL Tech(cmp 258), NTPC(cmp 153), Tata Elxsi(cmp 208),India Infoline(cmp 514),United Phosphorous(cmp 288), Gammon(cmp 230),Orient Press(cmp 37), Titan(cmp 1001),Tata Comm(cmp 380).

Popularity: 9% [?]

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The downtrend in the market which started in the last week, continued still in the market yesterday. Sensex closed at 13,462 levels down by over 340 points or 2.47% from its previous close. And nifty was down by 96 points at 4040 levels. Meanwhile in the US markets Nasdaq was down by 1% yesterday and Dow closed flat. Similar is the situation in the Asian markets currently which are trading marginally up. So we can expect a volatile session today.

The crude oil prices were also easing after touching $143/barrel levels. The economic concerns back home and inflationary pressure are also putting pressure on the markets a lot.Analyst say that the next support level for the markets now would be 12,700 levels. But I feel we can even find a support levels at around 13,200 or 13,000 levels if the market sentiments dont go further down from here.The immediate support for nifty is at 4000 levels which may be breached today itself.So more downslide in the markets are expected.

Here are some of the intra day calls for today: National Aluminium(cmp 349), Sun Pharma(cmp 1392), Sterlite Industries(cmp 702), ICRA(cmp 663), ITC(cmp 187),Raymond(cmp 223), Nucleus Software(cmp 219),NTPC(cmp 151),Tata Elxsi(cmp 201).

Popularity: 10% [?]

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It was a terrible week indeed on the dalal street last week. Finally the inflation figures came out and it now stands at 11.42%, thanks to the petrol price hike in the first week of June. It is now showing the impact on the inflation after close to 3 weeks. And it is expected to still go up in the coming weeks. The sensex crashed badly on the last trading session of the week and went below the psychological barrier of 14,000 and closed with a 13 month low figures of 13,802 down by 619 points or 4.30%. Nifty now stands at 4,136 down by 179 points or 4.33% from its previous close.

Coming to the weekly updates from the market: RBI raised some of the key interest rates like CRR and repo rate by 50 basis points to contain inflation. Lets see how these measures would impact the inflation figures in the coming days. Crude oil too made new highs of 143$/barrel. The US markets too are passing through rough waters currently.

Over all sensex lost 5.2% and Nifty lost 4.8% in the entire week. FIIs have pulled out close to 900 crores in the first four days of the last week taking their total pullout in the current year to 25,500 crores i.e.$4 billion + already. The worst sectors were : banking which lost 10%,realty lost 9.5%, auto sector lost 8.7% and capital goods lost 8.4% over the week.

In short term Nifty would trade around 4,090 levels which is a support level for it.Some analysts are even of the view that sensex may touch 12,000 levels in coming days.Well if the things improve and crude oil prices eases then there may be some upside movements also. Amdist mush volatility the Asian markets are are marginally up. But we can expect a gap down opening today in the markets.

Lets check out some intra day calls for today:  ING Vsyya Bank(cmp 225), HCL Infosystems(cmp 137),Hindustan zinc(cmp 532), Glenmark Pharma(cmp 626),Mind Tree(cmp 436),BASF India(cmp 264),Sasken (cmp 145),Tulip Telecom(cmp 1029).

Popularity: 13% [?]

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In a volatile trading session yesterday,along with F& O expiry and weak global cues,the Indian markets managed to close in green gaining 201 points at 14,421 points. The IT sector stocks were doing well yesterday. Meanwhile due to some very bad new coming from crude oil and economic data the US markets crashed heavily losing more than 3% in Dow and Nasdaq respectively.

The effect of this is being seen in the Asian markets currently which are already down by over 2% in Nikkei-225 and Hang Seng. Crude oil touching 140$+/barrel had this impact on the US markets.Some analyst are of the view that it may very soon be crossing 150$/barrel levels also. US markets touched and went below the lows of 2008 yesterday. This is the lowest level since Sept 11, 2006. There were some worrisome  news in auto,tech and Financial sector  too.

Some of the calls intra day calls made over here did very well yesterday.Traders are advised to remain very cautious today while trading. Some of the calls for june 27th are :Tata chemicals(cmp 316),Tata Communications(cmp 390),  sun Pharma(cmp 1343),Bharat Forge(cmp 257), Chambal Fertlilizers(cmp 81),Cipla(cmp 216),Sterling Biotech(cmp 192).

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Among the concerns of the double digit inflation rates of 11.3%, the RBI has decided to hike the repo rate and Cash reserve ratio by 50 basis points each. But fortunately the markets reacted positively yesterday to this piece of news and finally ended the day gaining 113 points. Indian share markets were in the losing streak in the last 5 trading sessions.

Meanwhile the Fed has decided to keep its key rates steady and not increase them any more also due to the inflation concerns. Because if the Fed rates are decreased then money is easily pumped into the system which increases the purchasing power of the people. Dow closed flat but Nasdaq ended the day gaining 1.4% roughly. Reacting to this the Asian markets are trading higher today. And the Indian markets are also expected to do well in todays trade.

Some intra day calls for today include:  Nagarjuna Fertilizers(cmp 38), India Bulls Financial service(cmp 273), D-Link(cmp 79),ING Vysya Bank(cmp 205), UCO Bank(cmp 34.6), Voltas(cmp 126), Chambal Fertilizers(cmp 76),Nagarjuna constructions(cmp 146), Walchandnagar(cmp 271), Orbit Corp(cmp 336).

Popularity: 17% [?]

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Well I could not bring out this story to you all on time. As we saw the inflation figures which were announced last Friday crossed the double digit figures and finally touched a 13 year all time high of 11.3%. This is the starting impact of the increase in prices of petroleum products announced at the beginning of the month.

The markets crashed badly on Friday and a similar situation followed yesterday too when the markets lost 1.90% each.Sensex lost 278 points from its previous close. The weak Asian markets too had a impact on the markets. In yesterdays trade the US markets had closed marginally lower with Nasdaq down by 0.8% nearly. Currently the Asian markets are also looking flat.

So lets have a look at some of the intra day calls for today: Modern India (cmp 279), Simplex Reality(cmp 221),Oscar Investment (cmp 232),IVR prime(cmp 209),sahara Housing Finance(cmp 218),Max India(cmp 180),JPT Securities(cmp 137),India Bulls Real Estate(cmp 364),Lotte India(cmp 276),HCL Tech(cmp 271).

Well  traders are advised to be cautious while trading. Good Luck and Happy Trading!

Popularity: 20% [?]

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