Market will be Bullish : don't book profits

Market is in long mode only for some more time in coming 3-4 successive weeks. (Angel Broking)

Its recommended by Siddharth Bhamre of Angel Broking that do not book profits so early because the market seems much bullish and gaining in coming weeks, he is also bullish on Nifty and continues to hold long positions despite more than 400 points up move seen in the Nifty.

He says that Those already holding long positions should go with the momentum and should not book profits now . "Everybody is waiting to get into this market at dips. According to us, that dip may not come till 5,750-5,800," he explained.

He suggests buying the 5,600 call option for those how have missed out the opportunity to enter the market. However, rise in volatility might lead to some correction, he cautioned.

We have been bullish since 5,250 odd levels. We continue to hold on to long positions despite more than 400 points move that happened in Nifty. We have reasons to be biased towards positive momentum despite the market going up significantly.

First, there is a strong left out feeling in the market, be it domestic, some of the FIIs and especially weaker hands in the market, everybody is now bullish, expecting momentum to continue, but there is a consensus. Usually, we go against the consensus, but this time we want to go with the consensus because consensus is coming with a caveat that they will buy on dips.

Secondly, this is to the audiences who have missed out, still we would suggest buy 5,600 call option and trade with positive bias in this market. Look at the FII figure from liquidity perspective. These figures are not saying that there would be a 100 point correction and then you will get a chance to move into this market.

Tech Mahindra acquires Hutchinson : Market Outlook

Tech Mahindra Acquires Hutchinson Global Services

Tech Mahindra Limited, a leading provider of solutions and services to the telecommunications industry, today on tuesday 4 Sep 2012, announced the acquisition of 100% stake in Hutchison Global Services Private Limited for US $ 87.1 m, payable upfront. 

Hutchison Global Services provides services to the clients of Hutchison's mobile firm in the UK, Ireland and Australia, the statement said.

As part of the deal, the clients of Hutchison Global have committed to procure services worth USD 845 million over a five-year period, said Tech Mahindra, a unit of India's Mahindra & Mahindra Ltd

Hutchison Global Services has about 12,000 employees operating out of five facilities in India.

British outsourcing group Serco was also interested in buying Hutchison Global Services, which services Hutchison’s mobile firm Three in the UK and Ireland as well as Vodafone in Australia.
Source : techmahindra.com

Indian Share Market Trend - NSE|BSE

Share intraday tips :

Buy Maruti Suzuki India Ltd below 1180.00, target 1192.00 for Intraday

Buy Grasim Industries AUG Futures in the range of 3040-3045

Buy Housing Development & Infrastructure Ltd below 74.00, target 75.20 for Intraday

Nifty Breaks its Crucial Support :

Today on Tuesday 28 August, BSE Sensex and Nifty drifted further lower amid increased volatility. Indian Share Markets are expected to be choppy ahead of the derivatives expiry later this week.

At 10.40 a.m., the Sensex traded 25 points or 0.14 per cent lower at 17,653 while the broader Nifty index was down 11 points to 5,339. The rupee, too, traded lower against the dollar at 55.77.

Other then this Metal stocks saw the deepest cut, falling 1.8 per cent. Metals are high beta stocks and tend to fall more than the benchmark indices. 

Indian Share Market Trend : BSE

BSE may list shares in first half of 2013
One of the country’s premier stock exchanges, Bombay Stock Exchange, has set up a working committee to process its proposed initial public offering (IPO).

According to Ashishkumar Chauhan, Interim CEO of the "cash-rich" Exchange, said the committee is in the process of preparing a red herring prospectus and fine tuning other formalities. “The company may get listed in the first or second quarter of calendar 2013,” he said.

According to him, the idea of IPO is to give an exit route for its existing investors, rather than mobilising funds, and hence “it will be an offer for sale.”

At present, various broking houses hold over 43% stake in the company, followed by institutional investors with close to 40% and the remaining stake is held by some retail investors.

Under the current regulation, BSE needs to dilute up to 25% stake, and the committee will work out an elaborate plan on how to go about this, said Chauhan.

On BSE’s efforts to attract QFIs (qualified foreign investors), he said the exchange encourages and facilitates setting up of offices abroad by broking companies. BSE is the first Indian stock exchange to ring in the first QFI transaction (by a US-based investor) in June. One of its broking houses is now setting up an office in Dubai and is likely to go on stream by September this year.

Talking about BSE’s competitiveness in terms of transaction cost in the futures and options segment, Chauhan said the exchange charges just Rs 50 for every Rs 1 crore transacted in Options. This results in option trading cost on BSE being 85% lower than other exchanges. It does not charge any transaction cost for futures.

Free Share Tips : Indian Share Market

Today the Indian Share Market opened on a very weak and negative basis. At 9:28am (IST), the BSE Sensex was at 17,264, up 28 points over the previous close. It had earlier touched a day’s high of 17,264 and day's low of 17,200. It opened at 17,244.
The NSE Nifty was quoting at 5,236 up 7  point sover the previous close. It had earlier touched a day’s high of 5,236 and a day’s low of 5214. It had opened at 5220.
Indian Shares to Trade in Today 1 August :-
SBI: Buy with a target of 2200 and a stop loss of 1929.4.
Cipla: Buy with a target of 360 and a stop loss of 328.4.
ITC: Sell with a target of 240 and an intraday stop loss of 261.6. 
Asian Paints: Sell with a target of 3400 and a stop loss of 3717.

TCS Updates|Results

TCS gains on strong profit growth in Q1 

Tata Consultancy Services (TCS) gained on Friday after company announced strong Q1 earnings. Shares of the company are trading at Rs 1,265, up Rs 28.9, or 2.34% at the Bombay Stock Exchange (BSE) on Friday at 9:30 a.m.

The company reported consolidated net profit of 37.39% to Rs 33.18 billion for the quarter ended June 30, 2012 as compared to Rs 24.15 billion for the quarter ended June 30, 2011. On sequential basis, TCS`s consolidated profit grew 14.60% over previous quarter.

Total consolidated revenues has increased from Rs 107.97 billion for the quarter ended June 30, 2011 to Rs 148.69 billion for the quarter ended June 30, 2012, representing increase of 37.71%. On quarter on quarter basis, it posted increase of 12.14% in the revenues.

The scrip has touched an intra-day high of Rs 1,285 and low of Rs 1,261.05. The total volume of shares traded at the BSE is 140,567.

In the earlier session, the shares fell 1.8%, or Rs 22.7, at Rs 1,236.10. Currently, the stock is trading down 2.3% from its 52-week high of Rs 1,294.80 and above 40.1% over the 52-week low of Rs 902.90.

Source : myiris.com

Equity Tips - Intraday Positional Calls

Indian equity benchmark openes on a quite note, as this is tha last trading day of the week, Indian share market will remain cautious. Market is silent due to some Asian cues and Indian rupee depreciated further by 56 paise to 55.50 against the US dollar yesterday. For our traders today we are giving some sureshot tips, but remember that do not over trade and play with caution.

Hot Stocks To Watch Today -

DHANBANK, SINTEX, LOVABLE, IDFC, ICICI BANK, JP ASSOCIAT

Medium Range Stock Tips -

PANTALOONR, MCDOWELL-N, MMTC, STCINDIA, RENUKA, RCOM, PROVOGUE

Bank Nifty Futures Tips -

BANKNIFTY Future JULY 26

Buy-10667 Target-10720,10800,10950 Stop Loss-10630

Sell-10560 Target-10520,10380,10260 Stop Loss-10585

Intraday Cash Tips -

DHANBANK

Buy -62.60 Target-63.40,64.40,66.80 Stop Loss-61.80

Sell -59.80 Target-59,57.80,55 Stop Loss-60.40

Intraday Calls- Nifty Future Option Tips

Good Morning readers, Indian share market today opened on a quite mode following the Asian cues. Global market is trading mixed in the morning session. Investor's Main eye will be on policy action from the European Central Bank. If we go towards Nifty then 5280 NF will act as support for bulls in the market and   on bounce 5340 NF is expected to be  first resistance. There are certain F&O cues listed below -

1. Total Nifty Futures add 7.4 lk shrs in Open Interest

2. Stock Futures add 2.33 cr shrs in Open Interest

Intraday Tips For Today :-

1. BUY RS SOFTWARE CMP 89 STOP 86 TARGET 94/98

2. BUY PRIME FOCUS CMP 54 STOP 51 TARGET 58/60