STOCKS


Vidur Pendharkar 31 March 2012
Strong resistance is pegged in the 5,372-5,385 points range and unless and until this is decisively taken out the bears continue to hold a slight edge. One should persist with the strategy of selling in rallies especially close to the above mentioned area S&P Nifty close: 5295.55  ...

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Moneylife Digital Team 30 March 2012
The market closed well above yesterday’s high and may hit 5,365, and then 5,400 Dispelling fears of taxes on investments through P-Notes by the government saw the market move higher since the opening bell. We had mentioned in our closing report yesterday that if the Nifty manages to...

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Moneylife Digital team 29 March 2012
Nifty has to close above any previous day’s high for the downtrend to reverse Weak global cues and domestic growth concerns weighed on the market, pulling it down for the second day. On an above 10-day moving average volume of 86.83 crore shares on the National Stock Exchange (NSE) on...

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Moneylife Digital Team 28 March 2012
Nifty has to breach 5,170 or 5275 to set a direction Selling pressure, which increased in the second half of trade, and weak global cues led the market lower today. Yesterday we had mentioned that we may see the Nifty moving sideways in a narrow range of 5,185 and 5,275. Today the index...

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Moneylife Digital Team 27 March 2012
Nifty may move in a narrow range of 5,185 and 5,275 Clarification on the government’s proposed GAAR norms led the market higher in post-noon trade. We had mentioned in yesterday’s closing report that if the Nifty closes above any previous day’s high the downtrend may reverse. Today the...

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The single biggest factor in stock selection When selecting stocks, a conservative investor has to look at two primary factors, namely, ownership and the nature of the business. In this piece, I will focus on ownership. Companies to avoid are those where ownership vests in the government...

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Moneylife Digital team 26 March 2012
Since economic growth is slow, there is a justification for a rate cut, hopes the market players The Reserve Bank of India (RBI) annual monetary policy statement will be announced on 17 April 2012, and all eyes are on an expected rate cut, according to the Fixed Income Weekly Update from...

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Moneylife Digital Team 26 March 2012
Nifty has to close above any previous day’s high for the downtrend to reverse Economic concerns and the rupee hitting a fresh two-month low led the market lower today. We mentioned in our Friday’s market report that the Nifty is expected to remain trapped in a narrow range of 5,200 and...

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In every country where they exist, state-owned banks run up massive amounts of bad loans, often politically motivated, that eventually end up the responsibility of the taxpayers. In certain countries there is an even more insidious effect. They distort depositor behaviour sending money where...

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Moneylife Digital Team 24 March 2012
Nifty trapped in the narrow range of 5,200 and 5,400 The market closed in the red for the fifth week in a row as worries about the global economic growth and domestic concerns weighed on the sentiments. Across the world, lower manufacturing output in China and Eurozone raised worries about...

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Vidur Pendharkar 24 March 2012
Strong resistance is pegged in the 5,385-5,425 points range and unless and until this is taken out the bulls would continue to be under pressure. One should persist with the strategy of selling in rallies especially close to the above mentioned area S&P Nifty close: 5278.20

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Moneylife Digital team 23 March 2012
Nifty is trapped in a narrow range of 5,200 and 5,400 Gains in the second half of trade, despite unsupportive global cues, helped the market close nearly 1% higher on Friday. The gains were also supported by Goldman Sach’s latest Asia-Pacific Quarterly Outlook report, which upgraded...

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Moneylife Digital Team 22 March 2012
Nifty may seek support at 5,175 but the trend is down unless the market closes above any previous day and strengthens further The huge sell-off in the second half of trade after the key European markets opened lower and a depreciation of the rupee to a fresh two-month low resulted in an...

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Moneylife Digital Team 22 March 2012
A beaten down stock Minda Industries, a flagship of the Minda group, is a manufacturer of automobile components and supplies to OEMs.  The company’s corporate office is located at Gurgaon (Haryana) and its products are in lighting, batteries, horns for two-wheelers, three-wheelers and...

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Moneylife Digital Team 22 March 2012
Strong growth record V-Guard Industries has become synonymous with voltage stabilisers across south India. Exploiting its brand equity, the company has expanded its product range to include wiring cables, pumps and motors, geysers, solar water-heaters, fans, UPS (uninterrupted power...

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Rajiv Gandhi Equity Savings scheme may have a laudable objective; it is the responsibility of the government to ensure that the ordinary investors, whose financial literacy is at a low ebb, are protected to the maximum extent to ensure success of the scheme In the Budget 2012-13, finance...

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Moneylife Digital Team 21 March 2012
If Nifty holds to today’s gains, it may move to 5,460 We had mentioned in the past two days that any close above previous day’s high may signal a change in trend. Today the Nifty not only closed above its previous day high, it has also closed above its 20-day moving average of 5,346. If...

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Moneylife Digital Team 20 March 2012
Nifty may reach the level of 5,165 and then at 5,115. A close any previous day’s high may signal a trend change Snapping its three-day losing streak the market closed higher amid choppy trade. Consumer durables, banking and realty stock led the market higher in late trade. Although the...

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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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