Market may open with gap down today as all global markets are trading lower. But Indian markets may recovers from lower levels. Sensex Support 17000,16800. Nifty Support 5100, 5050.
Buy For Intraday: (At lower levels)
IFCI
SAIL
CIPLA
MARICO
Nagarjuna Fert.
BANK OF BARODA
Good Luck
Monday, March 3, 2008
Friday, February 29, 2008
UNION BUDGET
Revenue deficit at 1.4% against budget estimate of 1.5%; To eliminate revenue deficit in FY10;
Fiscal deficit at 3.1% against budget estimate of 3.3%;
Total agricultural output 219.32 million tonne. Agriculture growth rate at 2.6% in 2007-08
Increased defence allocation from Rs.96,000 crore to Rs.1,05,600 crore, a rise of 10%
The income tax slab has been hiked from Rs.1,10,000 to Rs.1,50,000
10% tax on income from Rs.1,50,000 to Rs.3,00,000
20% tax on income from Rs.3,00,000 to Rs.5,00,000
30% tax on income over Rs.5,00,000
Tax exemption limit for women hiked from Rs.1,45,000 to Rs.1,80,000
Exemption limit for senior citizens raised from Rs.1,95,000 to Rs.2,25,000
Short term capital gains tax raised from 10% to 15%.
No change in DDT and STT
Waiver of loans to small and marginal farmers to the tune of Rs.60,000 crore.
No change in peak customs duty rate
CENVAT rates reduced on all goods from 16% to 14%
Exchange-traded currencies; interest rate derivatives to be introduced;
Allocated Rs.31,280 crore towards Bharat Nirman Progarm
Banking cash transaction tax to be removed
Service tax limited hiked to Rs 10 lakh.
Duties on iron ore exports increased to Rs 3,000/tn
Small cars to become cheaper
No change in corporate tax and surcharge
Three new IIT’s to be started in Andhra Pradesh, Rajasthan and Bihar
Urged to open bidding for five more UMPPs.
PAN requirement extended to all financial markets.
Textile Upgradation Fund to be raised from Rs.911 crore to Rs.1090 crore
30 integrated textile parks approved.
Increased outlay and spending on education
Increased outlay for irrigation
Customs duty reduced on steel scrap, few bulk drugs, cattle and poultry feed raw material, dairy industry, crude and refined sulphur used by fertiliser sector
Excise duty reduced on pharma goods, buses/chassis, cars, hybrid cars, two wheelers, paper and paper products, refrigeration equipments above two tonnes, bulk cement, cement clinker.
Fiscal deficit at 3.1% against budget estimate of 3.3%;
Total agricultural output 219.32 million tonne. Agriculture growth rate at 2.6% in 2007-08
Increased defence allocation from Rs.96,000 crore to Rs.1,05,600 crore, a rise of 10%
The income tax slab has been hiked from Rs.1,10,000 to Rs.1,50,000
10% tax on income from Rs.1,50,000 to Rs.3,00,000
20% tax on income from Rs.3,00,000 to Rs.5,00,000
30% tax on income over Rs.5,00,000
Tax exemption limit for women hiked from Rs.1,45,000 to Rs.1,80,000
Exemption limit for senior citizens raised from Rs.1,95,000 to Rs.2,25,000
Short term capital gains tax raised from 10% to 15%.
No change in DDT and STT
Waiver of loans to small and marginal farmers to the tune of Rs.60,000 crore.
No change in peak customs duty rate
CENVAT rates reduced on all goods from 16% to 14%
Exchange-traded currencies; interest rate derivatives to be introduced;
Allocated Rs.31,280 crore towards Bharat Nirman Progarm
Banking cash transaction tax to be removed
Service tax limited hiked to Rs 10 lakh.
Duties on iron ore exports increased to Rs 3,000/tn
Small cars to become cheaper
No change in corporate tax and surcharge
Three new IIT’s to be started in Andhra Pradesh, Rajasthan and Bihar
Urged to open bidding for five more UMPPs.
PAN requirement extended to all financial markets.
Textile Upgradation Fund to be raised from Rs.911 crore to Rs.1090 crore
30 integrated textile parks approved.
Increased outlay and spending on education
Increased outlay for irrigation
Customs duty reduced on steel scrap, few bulk drugs, cattle and poultry feed raw material, dairy industry, crude and refined sulphur used by fertiliser sector
Excise duty reduced on pharma goods, buses/chassis, cars, hybrid cars, two wheelers, paper and paper products, refrigeration equipments above two tonnes, bulk cement, cement clinker.
Special purpose tea fund to get Rs.400 crore and crop insurance scheme for tea plantations.
Intraday Calls for 29th Feb
Markets today totally depends on BUDGET. So be very carefull in today's trading.
Buy for Intraday: (Buy at lower levels as market may open weak as all global markets trading lower)
SAIL (253)
Tata Steel (824)
Nagarjuna Fert. (56)
Chambal Fert. (64.5)
Oswal Chemical (50)
Ansal Infra (215)
GMR Infra (176)
Power Grid (111)
RPOWER (442)
Good Luck
Buy for Intraday: (Buy at lower levels as market may open weak as all global markets trading lower)
SAIL (253)
Tata Steel (824)
Nagarjuna Fert. (56)
Chambal Fert. (64.5)
Oswal Chemical (50)
Ansal Infra (215)
GMR Infra (176)
Power Grid (111)
RPOWER (442)
Good Luck
Thursday, February 28, 2008
Intraday Calls for 28th Feb
Markets may open flat to nagetive but it will recovers and it may see yesterday's due gains.
Buy for Intraday:
REL (1635) Target 1675-1700 SL 1615
Punj Lloyd (394) Target 400-410 SL 388
KS Oils (95) Target 100+ SL 91
JB Chemical (59) Target 62-65 SL 57
Shasun Chemical (62) Target 68 SL 59
IFCI (63.8) Target 68-70 SL 62
Dish TV (60.75) Target 65+ SL 58
BAG Films (52.80) Target 55-58 SL 51
Roto Pumps (82) Target 88-90 SL 80
Others: All Infra Stocks like GMR Infra, Lanco Infra, Ansal Infra, IRB may rally & Power Grid.
Good Luck
Buy for Intraday:
REL (1635) Target 1675-1700 SL 1615
Punj Lloyd (394) Target 400-410 SL 388
KS Oils (95) Target 100+ SL 91
JB Chemical (59) Target 62-65 SL 57
Shasun Chemical (62) Target 68 SL 59
IFCI (63.8) Target 68-70 SL 62
Dish TV (60.75) Target 65+ SL 58
BAG Films (52.80) Target 55-58 SL 51
Roto Pumps (82) Target 88-90 SL 80
Others: All Infra Stocks like GMR Infra, Lanco Infra, Ansal Infra, IRB may rally & Power Grid.
Good Luck
Wednesday, February 27, 2008
Intraday Calls for 27th Feb
A Smart and Strong Rally Expected today in Indian Stock Market. Sensex may see about 400-500 points and Nifty can see about 100-150 points rally.
Buy for Intraday:
Indiabulls Realest (642) Target 655-660 SL 630
GMR Infra (183.5) Target 188-190 SL 180
Cairn India (224) Target 235-240 SL 218
Hind Oil Exploration (113) Target 118-120 SL 110
Jindal Stainless (160) Target 168-172 SL 155
SAIL (245) Target 255+ SL 240
Nitin Fire (482) Target 500+ SL 476
GDL (116) Target 122-125 SL 112
ACC (830) Target 850 SL 820
Others: All Reliance Stocks, JKIL, IRB, Lanco Infra, Prism Cement.
Good Luck
Buy for Intraday:
Indiabulls Realest (642) Target 655-660 SL 630
GMR Infra (183.5) Target 188-190 SL 180
Cairn India (224) Target 235-240 SL 218
Hind Oil Exploration (113) Target 118-120 SL 110
Jindal Stainless (160) Target 168-172 SL 155
SAIL (245) Target 255+ SL 240
Nitin Fire (482) Target 500+ SL 476
GDL (116) Target 122-125 SL 112
ACC (830) Target 850 SL 820
Others: All Reliance Stocks, JKIL, IRB, Lanco Infra, Prism Cement.
Good Luck
Tuesday, February 26, 2008
Intraday Calls for 26th Feb
Market may open with gap up and remain positive for the day.
Buy for Intraday:
Watch the Rail Budget impact on Cement and Metal Sector.
ACC (818) Target 835-850 SL 810
Prism Cement (49) Target 52-55 SL 47
Tata Steel (809) Target 825-835 SL 800
SAIL (240) Target 251-255 SL 235
GMR Infra (176) Target 182-184 SL 172
REL (1622) Target 1635-1650 SL 1600
RPOWER (450) Target 460-475 SL 442
Reliance Industries (2550) Target 2600 SL 2525
Essar OIL (232) Target 245+ SL 226
Mphasis BFL (233) Target 240-245 SL 228
Good Luck
Buy for Intraday:
Watch the Rail Budget impact on Cement and Metal Sector.
ACC (818) Target 835-850 SL 810
Prism Cement (49) Target 52-55 SL 47
Tata Steel (809) Target 825-835 SL 800
SAIL (240) Target 251-255 SL 235
GMR Infra (176) Target 182-184 SL 172
REL (1622) Target 1635-1650 SL 1600
RPOWER (450) Target 460-475 SL 442
Reliance Industries (2550) Target 2600 SL 2525
Essar OIL (232) Target 245+ SL 226
Mphasis BFL (233) Target 240-245 SL 228
Good Luck
Monday, February 25, 2008
Intraday Calls for 25th Feb
Market may see a gap up opening and a strong rally.
Buy for Intraday:
GMR Infra (176) Target 182-185 SL 173
Bank of Rajasthan (172) Target 178-180 SL 168
Jaiprakash Associates (246) Target 260+ SL 240
Info Edge (Naukri) (962) Target 1000+ SL 950
OnMobile (534) Target 550-560 SL 530
ENIL (478) Target 495+ SL 470
Mudra Lifestyle (52) Target 58-60 SL 50
GTC industries (475) Target 490-500 SL 470
Keep an eye on REL & RPOWER. Both counter can see smart gain today with gap up opening.
Good Luck
Buy for Intraday:
GMR Infra (176) Target 182-185 SL 173
Bank of Rajasthan (172) Target 178-180 SL 168
Jaiprakash Associates (246) Target 260+ SL 240
Info Edge (Naukri) (962) Target 1000+ SL 950
OnMobile (534) Target 550-560 SL 530
ENIL (478) Target 495+ SL 470
Mudra Lifestyle (52) Target 58-60 SL 50
GTC industries (475) Target 490-500 SL 470
Keep an eye on REL & RPOWER. Both counter can see smart gain today with gap up opening.
Good Luck
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