March 2009 | Stock_for

From tomorrow, use any ATM free of charge

Tuesday, March 31, 2009

Providing the much-needed relief to the common man, banks have been asked by the RBI not to charge any fee for cash withdrawals using ATM and debit cards issued by other banks from April 1 onwards.

Fed's Move to Lower Mortgage Rates May Backfire On Market

The Fed's efforts to push down mortgage rates have raised expectations about a housing recovery, but it may take months to have any impact—and the results may not all be positive.

Are you know?

L&T bags orders worth Rs 1,100 crore in Q4 FY09
Tea prices firm due to shortage in supply: Mcleod Russel
Rs 82.5/sh conversion price shows mgmt confidence: S Kumars
Suzlon bags order of 132 MW from Australian Co
Expect environmnt to be challenging for nxt 2-3qtrs:HeroHonda
RBI likely to push rates to 4% & will help growth: JPMorgan
Turnaround in earnings expected in late 2009: Credit Suisse
OECD cuts 2009 India GDP forecast to 4.3% from 7.3%: DJ

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Cairn India Rajasthan Field May Cut Nation's Oil Import Bill by Up to 7% Cairn India Ltd., a unit of U.K.- based explorer Cairn Energy Plc, may produce enough crude from its field in Rajasthan state to slash the South Asian country’s oil import bill by as much as 7 percent.

Gold Imports by India Fall to Zero in March on Weak Rupee, Record Prices Gold imports by India, the world’s biggest buyer, have been near zero for a second month in March as a weak currency and record prices deterred jewelry buyers, a traders’ group said.

India Stocks Rise, Posting Best Month in 11; Infosys Advances on U.S. Data Indian stocks rose, driving the benchmark index to its best month since April 2008, on speculation overseas investors stepped up purchases because they expect stimulus measures to help revive the economy.

Volkswagen Adds India Plant as Emerging Markets Dodge Global Recession Volkswagen AG, Europe’s largest carmaker, opened a factory in India as it boosts investments in emerging markets to offset tumbling demand at home.

Wockhardt Delays Earnings Release; Seeks to Restructure Loans With ICICI Wockhardt Ltd. will delay its annual earnings release as it seeks to restructure its loans with ICICI Bank Ltd., according to a statement from the company

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Ford to cover car payments if buyer loses job Ford to cover car payments if buyer loses job

Ford Motor said on Tuesday it is offering a payment protection plan to help reassure consumers who may be putting off buying a new car because of worries about losing their job.

Why gold is a good buy in the current situation ?

Gold is a highly effective portfolio diversifler due to its low to negative correlation with all major asset classes. Over the last 20 years, gold has shown no statistically significant correlation with equities. The fundamental reason for this lack of correlation is that the factors driving gold price are not the same as the factors that determine the returns on other assets. Obviously, there are some economic factors that influence the performance of all investments. But, equally obviously, changes in gold supply and demand have no influence over the other asset classes

Target achieved

Bhel and Moserbaer achieved target.Aban also was profitable

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Technical Views

Ajay Loganadan of HSBC Private Banking is underweight on banking space.
NTPC has support at Rs 170: Bhambwani
Bose bullish on GVK Power
Unitech has target of Rs 43: Bose

Buy Reliance Industries on declines: Mathew
Sell Tata Motors at Rs 181-192: Mathew
Buy DLF closer to Rs 135-140: Baliga

Buy S Kumars Nationwide: Sukhani

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Realty, capital goods gain in firm market

The key benchmark indices surged as realty and capital goods stocks extended gains and banking counters recovered in afternoon trade.

Trading calls

Mosebaer B-53.1 T-53.8,56.5 SL-49.8
Aban B-401.10 T-418,425 SL-395.90
Bhel B-1501.2 T-1511,1520,1538 SL-1489.90
TCS B-541.2 T-556,570 SL-537.
Buy above mentioned price.Keep strict stop loss.
For more stock news visit http://stockforyouprasanth.blogspot.com/
For free sms send ON Stock_for_YOU to 9870807070.

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MARKET OUTLOOK

Nifty
Sup-2970,2940
Res-3009,3026
Below sup=weak
Above res=Strong
Market may be volatile today.Expect positive opening.Keep strict stop loss while trading.
For more visit http://stockforyouprasanth.blogspot.com/

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Dow falls 254 on auto, financial woes

Stocks tumble after a government task force gives General Motors 60 days to make a better case for survival. Chrysler has agreed to a 'framework' of an alliance with Fiat. Oil falls below $49.

Stock_for_YOU is now in Widget and SMS format

Monday, March 30, 2009

Dear subscribers, Stock_for_YOU is a complete stock portal for NSE&BSE.Breaking News,advice,results,tips& trading calls.We will give you short term stock picks and trading calls every trading day.Those who gets Stock_for_you in Widget(Widsets) form can also subscribe our sms service.It is absolutely free,no tip or sms charges.Only thing you have to do is send ON Stock_for_YOU to 9870807070.There are other channels also from prasanth, for subscription sms ON StockAdvice to 9870807070.For subscribing market beat sms ON Marketbeat to 9870807070.For queries email prasanthobm@gmail.com.

Aqualand India reports net profit of Rs 0.19 crore in the June 2008 quarter

Aqualand India reported net profit of Rs 0.19 crore in the quarter ended June 2008. There were no net profit or loss reported during the previous quarter ended June 2007. There were no sales reported in the quarter ended June 2008 and during the previous quarter ended June 2007.

Eicher Motors net profit declines 26.08% in the December 2008 quarter

Net profit of Eicher Motors declined 26.08% to Rs 11.65 crore in the quarter ended December 2008 as against Rs 15.76 crore during the previous quarter ended December 2007. Sales declined 85.75% to Rs 78.04 crore in the quarter ended December 2008 as against Rs 547.75 crore during the previous quarter ended December 2007.

Jindal Saw net profit declines 84.90% in the December 2008 quarter

Net profit of Jindal Saw declined 84.90% to Rs 86.65 crore in the quarter ended December 2008 as against Rs 573.88 crore during the previous quarter ended December 2007. Sales declined 3.94% to Rs 1548.13 crore in the quarter ended December 2008 as against Rs 1611.69 crore during the previous quarter ended December 2007.

How Geithner's bank plan falls short

The Treasury's trillion-dollar program to relieve banks of their 'toxic' assets probably won't do much for the economic crisis, which is worse than the financial crisis.

RBI says growth above 8% sustainable

Reserve Bank of India expects the economy's growth rate to bounce back above 8% once the current global economic and financial turmoil passes, Deputy Governor Rakesh Mohan said on Monday.

US Auto News Drives Asian Markets Deeper in the Red

Task Force Rejects Chrysler, GM Plans; Bankruptcy Looms

The Obama administration autos task force Monday rejected the turnaround plans of GM and Chrysler and warned both could be put through bankruptcy to slash debts

Book profits

Sail Sell-99.90 T2-94.
please book profits now.
Not reached buying price on Our other calls.Avoid them today.

read more "Book profits"

Trading strategy for 30/3/2009

As markets are now in a bullish trend it is advised to buy on declines.Strictly obey stop loss.Instead of shorting nifty put is better choice.Buy Suzlon,Prajind,Unitech,Orbit corp,SCI,Videoind on declines for short term.

Trading calls 30/3/2009

Markets will be volatile today.Strictly keep buy or sell prices.
Aban offshore Buy above 425.15 Target1-434.50 Target2-443.90 Stop loss-419.80
ACC B-583.20 T1-589 T2-593 SL-576.80
TCS B-577.20 T1-583.90 T2-594.50 SL-572.20
LT B-683.10 T1-690 T2-694 T3-708 SL-677.80
Sail Sell below 100 T1-98 T2-94 SL-101

read more "Trading calls 30/3/2009"

Know your scrip

HDFC
Resistance: Rs 1682-1737
Support: Rs 1200-14005.
BAJAJ AUTO
Res-640
Sup-590.
HCL TECHNOLOGIES
hold next 2 to 3 quarters
ONGC
has resistance at Rs 830.next resistance would be at Rs 870. The investor can book profit at Rs 870 levels.

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News today

GM's CEO Wagoner Is Forced Out as US Readies Autos Aid.
Oil falls below $52 on economic concerns Oil fell below $52 a barrel on Monday, extending the previous session's losses that came on weak economic data
Gold firmer, ETF holdings at record
Deflation no threat to economy: Bankers
Japanese Factory Production Falls for a Fifth Month as Recession Deepens
Asian Stocks Drop, Breaking 5-Day Streak, on Recession Concern: BHP Falls
Geithner Says Some Banks to Need `Large Amounts' of Aid, Warns Against Tax
G-20 Targets Hedge Funds, Derivatives as Leaders Agree on More Regulation
Yen Falls, Set for Worst Quarter Since 2001, as Japan's Recession Deepens
China Stocks Undervalued for Invesco as State Spending Promises Profits
Indian Court Allows Fraud Office to Question Raju on Satyam,
Tata Motors Plans Truck-Making Unit in Myanmar,
State Bank of India May Lower Interest Rates
Larsen & Toubro Begins Due Diligence for Satyam Bid,
India to Buy $20 Million of Flats From Developer Emaar.

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Update is available

Sunday, March 29, 2009

An update for Stock for you is available now.Please download it.112 downloads in only one day.Thank you for your co-operation.For subscribing Stock for you in sms format send ON Stock_for_YOU to 9870807070.There are other channels also from prasanth, for subscription sms ON StockAdvice to 9870807070.For queries email prasanthobm@gmail.com.

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Indian markets tomorrow(30/3/2009)

Markets will be volatile.
Nifty support at 3065 and below that 3010.
Resistance at 3145-3180-3280.
If nifty crosses 3180 during intra day trade it will reach 3280 levels before clossing.
Trading calls will be given tomorrow.

What happen in America in next week?

The Week Ahead: Volatility Will Rule
Auto makers are scheduled to report March sales Wednesday, and Zandi said it appears sales for March will be weaker than those in February.
In the coming week, jobs data tops the economic calendar. The number, reported on Friday, is expected to show the loss of 650,000 non farm payrolls, and the unemployment rate could move up to about 8.5 percent
Other data in the coming week includes the Chicago purchasing managers survey and consumer confidence on Tuesday; ADP's employment report, ISM, pending home sales and construction spending Wednesday, and weekly jobless claims and factory orders Thursday. Friday's reports also include ISM non-manufacturing data.

Stock_for_YOU is now in Widget and SMS format

Dear subscribers, Stock_for_YOU is a complete stock portal for NSE&BSE.Breaking News,advice,tips& trading calls.We will give you short term stock picks and trading calls every trading day.Those who gets Stock_for_you in Widget(Widsets) form can also subscribe our sms service.It is absolutely free,no tip or sms charges.Only thing you have to do is send ON Stock_for_YOU to 9870807070.There are other channels also from prasanth, for subscription sms ON StockAdvice to 9870807070.For queries email prasanthobm@gmail.com.

News

Interest rates can come down further: PM
With inflation touching near zero level, Prime Minister Manmohan Singh on Saturday said there is scope for further cuts in interest rates and assured the industry that credit needs would be met to enable the economy tackle the global financial crisis.

US bank executives vow to work with Obama

Top executives of the biggest banks in the US have said after meeting with Obama that they will work with the administration on its economic recovery plans, but want more specifics.

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