STOCKS


Moneylife Digital Team 19 March 2012
Nifty may find its first support at 5,175 and then at 5,115. A close above any previous day’s high is needed for a change of trend The market settled lower for the third straight day on investors’ disappointment with the Budget, which saw realty, power and capital goods sectors ending as...

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Will the optimism of FIIs prove foolish? In my previous column, I had highlighted the fact that the market rally that started in early January has slowed down sharply. In the market lingo, we are in a period of risk-off. Two weeks ago, the Nifty was at 5,359. At close of trade on Friday,...

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Moneylife Digital Team 17 March 2012
Nifty may see the level of 5,195 The market closed flat with a negative bias as the status quo by the Reserve Bank of India (RBI) by keeping key rates unchanged and the budget, which estimated a higher fiscal deficit for the next fiscal and a hike in service tax, put off investors.

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Moneylife Digital Team 16 March 2012
A sharp decline on budget disappointment has put the bulls on the back-foot With most of the Asian indices opening flat all ended in red except for the Shanghai Composite and Nikkei 225. Thursday saw the lowest amount of FII inflow in the past five trading sessions while DIIs continued...

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The Union Budget 2012 has tried to attract small investors into the stock market leaving mutual funds in a mess. It shows knee jerk reaction, no understanding of ground reality and policy confusion Finance Minister Pranab Mukherjee, in his budget presentation speech for the fiscal...

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Moneylife Digital Team 15 March 2012
A close of the Nifty below 5,300 and may see selling pressure accelerate. A close below 5,170 would be bearish A status quo by the Reserve Bank in its quarterly policy review resulted in the market snapping its four-day gaining streak and closing in the negative. We may now see the Nifty...

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Moneylife Digital Team 14 March 2012
Short-term movement will be sideways for now On Tuesday, foreign institutional investors were net buyers for third day in a row, while domestic institutional investors changed to net sellers. All the Asian indices opened in the positive today on the back of positive news from the US;...

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Moneylife Digital Team 13 March 2012
The Nifty’s next move is to 5,495 and then to 5,610 Sustained buying by institutional investors and a positive global trend led the market higher for the third successive day. This was also the third successive day that the Nifty made a higher high and higher low. We may now see the...

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Moneylife Digital Team 10 March 2012
A close above 5,400 on the Nifty essential for upmove Concerns about economic reforms being impacted after the Congress party lost in the state assembly elections and the unending Eurozone debt crisis kept the market in check this week. While the Reserve Bank of India cut the CRR by 75...

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Vidur Pendharkar 10 March 2012
With the Railway Budget, the RBI policy review and the Union Budget due this week, volatility is expected to be high. However if the above mentioned resistance levels are not taken out, all these events will turn out to be damn squibs S&P Nifty close: 5333.55       Market...

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Moneylife Digital Team 09 March 2012
Diversified business and burgeoning order book We had written about Pratibha Industries Ltd (PIL) twice earlier in Street Beat (9 October 2008 and 17 December 2009). The stock went on to hit its all-time high in August 2010 (almost Rs90). Over the course of 13 months of a bear market, the...

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Moneylife Digital Team 09 March 2012
Positive growth and steady expansion plans We had written about Fairfield Atlas Ltd (Fairfield) (Moneylife, 30 December 2010). At that time, the stock was quoting at Rs60. The stock has since jumped by 102% to Rs121 (as on 17 February 2012). Fairfield makes automobile and industrial...

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Moneylife Digital Team 09 March 2012
Nifty should close above 5,400 over the next few days for the gains to continue Better-than-expected response to the Greek bond swap deal led to a rally in the Asian markets, India included. Today’s gain on the Nifty almost wiped off the losses seen in the past three trading days. We had...

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Moneylife Digital Team 07 March 2012
Nifty has to close above 5,245 to regain the uptrend The market settled down for the third day in a row on domestic concerns and dismal global cues. Yesterday we had mentioned that the Nifty may move down to the level of 5,160 and then to 5,100. Today the index fell to 5,171 but made a...

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Pratibha Kamath  and   Aditya Govindaraj 07 March 2012
What will market do after the Holi holiday of Thursday? The odds of it ending positive is very as per our analysis of over 89 exchange holidays since 2006 Markets have been declining for the past few days. What will it do on Friday after a break of a day on account of Holi? For this we...

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Moneylife Digital Team 06 March 2012
Nifty may see the level of 5,160 and then 5,100. A close above the previous day’s high may signal the end of the downtrend Unsupportive global cues and a rout for the Congress party in the state elections resulted in the market settling lower for the second straight day. Yesterday we had...

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Moneylife Digital Team 05 March 2012
To reverse the downtrend, the Nifty must close above 5,345 as a first step The market closed lower on concerns that policy reforms would suffer a setback on the Congress party’s poor performance in the state elections, for which counting begins tomorrow. In Friday’s closing report we had...

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Risk-on trade takes a breather In the previous column titled “Back to Basics”, I had argued that while the stupendous rally against all news of gloom and doom was not unexpected, it was time to get to back to some fundamental numbers. From a low of 4,588 hit on 2nd January, the Nifty...

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Moneylife Digital Team 03 March 2012
Nifty to close above 5,460 for uptrend to resume Concerns about the slowdown in the economy, signalled by a fall in GDP numbers for the December quarter and a marginal decline in factory output in February weighed on the investors. Apprehensions about the Union Budget which will be...

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Moneylife Digital Team 02 March 2012
Nifty has to close above 5,420 for uptrend to resume Late buying amid a highly volatile session saw the indices closing in the positive. As we had mentioned yesterday that a rally is on the cards, the Nifty opened in the positive and made a higher high and higher low during the session....

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