==>> Punters again riding on the Akruti shares

Once again Akruti made killing in the markets. Nifty cash volumes contained almost 10% jus from Akruti Nirman. Operators once again were seen, playing in the counter. Akruti opened with a gap at 1599 in BSE and unbelivably made a high of 2145 up around 32%. Yesterday at 1600 levels also i told that this counter is not worth trading at, but from the same levels it had bouned back. But i will still say that there are bright chances to be get trapped in the counter, so i would still say there are many other stocks that are present in the market to be traded in. The moves in the counter have really raised some eyebrows. I still did not understand why SEBI has not come out with some enquiry for such unexpected moves. Nearly 1 Cr shares traded in the NSE & BSE. In value terms nearly Rs 1800 Cr turnover. Could some one calculate the amount that the Government will be collecting in terms of SST from only Akruti. That might be the reason there is no enquiry in the counter. Think about this....... same thing happened a year and a half back also, with Jai corp. The price was rigged up by the well know group of operators. There was still no clue as to why the share price have raised to such prices. Promoters minted money like anything. then the company announced heavy bonus, so that everything can be settled with sweet memories. After the split the shares were recommended by the well know brokerage firm and the shares were sold to the FIIs. But in the market crash u can see the share price.

Markets volumes were also pretty good. Markets opened with a +ve note on back of strong close in US markets and +ve opening in the Asian mkts. US Housing data for the month of Feb were announced. There was positive growth in the data, so the US market strongly closed in the green. Indian markets opened in the positive zone. Major of the stocks were in the green. This helped the Sensex to rally nearly 250 points, but the shine was lost in after the mid session as the Europen markets slided after the Europe's Jobless claim rised to an expected heights. European markets opened in the positive zone but the surge was short lived and the markets plunged down after the rise in the Jobless data. Today Nifty closed above the trendline. Nifty made a high of 2836 but slided down to 2793 levels closing below 2800 levels. Nifty once agains closed in the Traingle pattern. For the Upside move the Nifty has to close above 2800 levels for 2-3 days.

==>> Akruti, whats the news in the counter???

Yesterday Akruti Nirman shares traded at an ALL TIME HIGH. UNEBELIVABLE!!!!! RIGHT.... BUT, but it is absolultely true. I know, those did not see the stock, for them it will be shock of their life. Even in this scenario, when most of Real stocks are almost at near their 52- week low, this stock some how managed to make an ALL TIME HIGH price. I really could not understand, what could be the good news in the counter, that helped the share price to surge so much. Most of the leading Real Estate companies are facing cash shortage, but what about Akruti Nirman. Is it so that everyones buying only from Akruti. Akruti overtook Unitech and India bull Real Estate to become the 2nd biggest firm in terms of market capitalistaion. Free Flot of the company is just 30 Lakh shares. It is very easy for anyone to rig up the share price, in such a low mkt free float. This is what is going on in the counter. Handful of operators are rigging up the share price, and they will soon leave the counter. SO beware of the stock. It is just not shortovering in the counter, there is really something fishy in the counter.
Nifty closed below at 2757, after making high of 2805. Till now eveyone knows that 2800 levels acts as an good resistance and support levels. Nifty will again bounce back, as their is good buying in the markets with pretty good volumes as compared to last week.
I had given call on RIL to buy at 1327 with SL of 1320. it touched high of 1344 and then slided down to 1296 levels. Close is at 1300. Buy again at 1320 levels for the mi tgt of 1355....
Risky traders can take small Buy position in Edserv(533055). Punter call. Keep your own SL.

==>> Bulls takes the charge for 3rd consecutive day

Bulls snatched one more day from the Bears. Bears tried harder in the opening and the mid session, to pull down the makets down. but just could not succed in doing that. It was like, bulls took the control and stocks went flaring high and high. There were trading opportunity in the midcap stocks. Some of them rallied around 40% like Everon. Educomp was up around 14%. Forntline stocks helped the Indices to make a high of 8955 in Sensex and in Nifty 2776.

We can clearly see that the Nifty have taken support at the marked trendline. The support which are marked by No.1 & 2, acted as a good support. Long term trendline from the low of 2550 seems to be very strong. In recent times, Nifty did trey to cross the 2550 mark, but never closed below the same. The No. 2 indicates the Nifty faces resistance at the upper trendline. Before that also Nifty faced resistance at the same trendline in the month of November. Nifty closed at 2524 on 27 Oct 2008 after making a low of 2252. So 2524 is a very good support that is marked with the No. 4. And finally No.5 is todays close that is well above the trendline and again back in the Traingle pattern. The long term Traingle pattern was broken on 02 March 2009 and the Nifty sinked down to 2539 levels. On last Thursday the Nifty took support at 2525 levels and bounced back smartly on Friday and Monday.

==>> Real Estate Facts, Gold still shinning, but will that glitter last????

In the morning i was going through a most selling Business news paper. In the extra supplement of that news paper, there were many news about the real estate sector and the decling Bank interest. The news said, inspite of declining Bank Interest there are no buyers in the markets. The home prices have fallen down. The fact is actually not the same. Yes the Bank interest have fallen down, but the new home prices have not been reduced, or not fallen down as it should been. News in the market have been that the prices have fallen nearly 40% in Bandra(mumbai). I really dont think so. The homes at Worli(Mum) have fallen nearly 50-40%. The fall in home rates in Worli have been compared with the Last months sale of Big bull Mr. Harshar Mehtas flat in worli. The house contains 8 inter connected flats on the 3rd floor and the 4th floor. A buyer can either buy all five or all three flats on a particular floor, or both. That was the reason the flat have not been sold for so many years. The reduction in the prices helped rope some buyers. But the thing does not remain the same with the rest of the developers in the nearby locations. It is so stupid to compare one flat price with the whole area. Be REALISTIC.....
To my perosnal experiecne, In 2007 mid have visited a developer near Goregaon(Mum), in Gokuldham , name Mantri Properties. The price per square feet at that time was Rs 4300 /-. just to see weather the prices have really come down, I visited the same palce again. It was very suprisingly to know the prices have not at all fallen down, instead, the prices have gone up to........ Rs.5900/- with no extra facilities. Same was the came i witnessed when approached to the other developers. So to my persoanl experience the prices still have not yet come off. The only thing is that there are no buyers in the market and the sellers are not ready to sell the homes at lower prices. There are very few places where the prices have come off. The investors who have taken homes for the investment purpose are stucked. The person who have taken homes for short term investment and on loan are willing to sell the flats at marginal loss. Job security in the current scenario also have lead to low demand by the mid class population. This is not only the case in Mumbai only. The case remains the same in whole of India. The prices will further fall in the current scenario. Buyers will not show their faces to the developers till the time the prices are at a significant fair values, inspite of falling Bank rates.
Gold prices have rallied from Rs.8000/- to 15000/- per 10 gram. Investors were cautious to invest right from the Rs.10,000/- levels. At the current price also there are hardly any buyers in the markets. India begin the largest consumer of gold, still the imports have fallen down by around 89% in Dec, and 91% in Jan 2009. and suprisingly in the month of Feb it is fallen down to zero levels and so far in the month of March also there are no imports of Gold in India. Depreciation in the Rupee against the dollar have also lead to low or no import of gold in India. Gold sales in Dubai have fallen by 60% and Abu Dhabi by 70% in Jan and Feb. The low demand, falling sales and over pricing of gold will definately lead to correction in the prices.

==>> Global advances lead to Short covering in Indian markets

It has been good day for the traders. Even the Short term delivery based operators earned a good amount in this week. We had only 3 days of trading session in the current week. On Monday Nifty closed below at 2573 after making a low of 2555. The same was the lowest for the week. On Thursday Indian markets bounced back smartly. Nifty closed at 2617 after making high of 2646. Markets opened with a gap on Thursday in a +ve zone. Good Inflation numbers also gave a boost to Indian markets. American markets also rallied for 3 consecutive days. On Friday Indian markets saw biggest single day rally in 2009. Financial sector was up nearly 5-6%. ICICI Bank rallied around 8.50%, almost all the major banks were up near about 4-5%. Realty companies also rallied. Sensex closed at 8756 up nearly 5% after making an intraday high of 8793. Nifty made an intraday high of 2726 before closing at 2719 up around 4%. In the mid session European markets also opened strong nearly 1.5% up. Volumes were also pretty good as compared to the last few trading sessions. Volumes in Nse cash was Rs9700Crs as compared to Rs8350Crs on Thursday.

On the Technical part Nifty took support near the trendline and bounced back sharply, resulting short covering in the markets.

==>> 2500-2525 seems to be a good support for Nifty

In the last few trading session the Nifty is trading between 2525-2650 levels. It seems the Nifty is finding good support near 2525-2500 levels and facing stiff resistance at 2650 levels. There is a good news on the part of the inflation. Inflation for the week ended 28Feb came in at 2.43% v/s 3.03% week on week basis. Is is the lowest since June 2002. The January Index of Industrial Production (IIP) number has come in at -0.5% versus -0.6% in December 2008. The December figure of -2.2% has now been revised to -0.6%. The year-on-year comparison: the January 2008 figure stood at 6.18%.

Gold is finding resistance at $913 per onnuce. Few trading session close below $913 can slide into some correction mode. Markets opened firmed on back of good American markets. Asian markets also rallied yesterday and opened slightly up in the opening session. Nifty closed higher 1.72% at 2602 after making a high of 2646. Bse Sensex was up nearly 2.25% to close at 8343 levels. BSE Bankex was up nearly 3.50%. SBI, ICICI Bank, Axis, PNB lead the rally. Major of the frontliners were up nearly 1.5% to 2%. Bharti Airtel did not contribute to the rally as there was news that CEO Manoj Kohli has sold part of his holding. Stock tumbled down around 6.5%. We will some pull back tommorrow.

Volumes have really dried up in the markets. BSE volumes have almost halved as compared to the last months volumes. Nifty have falled down nearly to October lows. Rupee has fallen down to its all time low and news in the market is that it can fall further down to 60 levels.

Nifty is trying to take support at every levels. Last weeks rate cuts in Repo & Reverse Repo rate have not helped in boosting the markets. Week ending 27th Feb Nifty closed 2763. Last week Nifty closed down at 2620. As mentioned earlier, Nifty will find support at the 2525-2500 levels.

==>> Repo & Reverse repo rate cut fails to cheer the mkt

RBI's initiative of rate cut failed to cheer up the markets, RBI has reduced the repo rate by 50 basis points to 5% and reverse repo rate by 50 basis points to 3.5%. Sensex touched an intraday low of 8166 before closing at 8197 down 248 points or 2.94%. Nifty closed at 2576 after hitting low of 2564 down 2.59% or 68 points. There are many stocks that have hit the 52 week low today. HCL Tech, HDFC Ltd, ICICI Bank, LT, Rcom, Rel capital, State bank, Suzlon. We can see the Sensex chart, the RSI is showing that the Sensex is reaching its oversold zone. Nifty can further fall to 2525 -2502 levels. Nfity will find good suppor at the same.

Once again, Inflation for the week ended Feb 21 was 3.03% v/s 3.36% wow. This too could not boost the market.

Late hour selling by FIIs in the last hour of trade on Tuesday dragged the Sensex down up to a three and a half month low. Sensex hit a new low of 8390 before closing at 8427. Nifty closed at 2622. both the index lost aaround 2% each. Negative markets, alck od Dollar supplies and overall -ve sntiment in the global markets kept pressure on the Rupee. Rupee crossed the 52 levels. Markets to remain week through out the week. We might see some rally but that will not sustain the selling pressure from the FIIs.

==>> Election on 16th April, New constituency will be formed in June

Nifty closed at 2660 i.e below the trendline. Volumes in the Nse cash was just Rs. 7150 Cr as compared to Rs .8900 Cr on the last day on the Feb month. Bse volumes were Rs 2590 Cr as compared to Rs. 3050 Cr. The News of the Reliance - RPL merger did not cheer up the markets. Markets closed below nearly -3% down. Nifty closed at its low. I dont think so that there will be pull back, if at all the markets stabalizes and if there is any pull back rally, its gonna be a short lived. Traders are adviced not to take any positions in thie period, as there are many reisistance levels in the chart. Election dates are also announed i.e from 16thArpil and the new constituency will be formed in the month of June. Till that time we will see a very volatile markets. Nifty can come down till 2585 levels. AIG has reported $62bn loss. HSBC planing to raise money by ways to right issue as banking peers strugle to stay afloat. Rupee is nearing 52 V/s dollar. Crude is again fallen down to $40 per barrel. Gold have bounced back a bit. We might see some pull back in gold prices as the Equity markets are not performing well. Exports have fallen for the 4th straight month.

In the last few days we have seen that the Nifty is trading near to the trendline and between the traingle pattern. Volumes in the markets have been drastically come down. RIL is once again is in the process of merger of RIL & RPL. RPL share holders will get 1 shares of RIL for every 16 shares held in RPL. Merger will be effected from April 1st.
Three GDP nubmer came in 5.3% v/s 8.9% a year back. The inflationfell drastically and came in at 3.36% v/s 5.66% a year back. Thus the fall in the inflation, further fuel price cut and dwingling growth figures should force RBI for another round of rate cuts, sooner or later.