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8/9/2019 Ter Englih Issue 24 Yr 3 Some Pages
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Vol. 3 Issue : 24 Date : 08-08-2010 to 14-08-2010 Editor : Narendra Joshi Sub.Editor : Sharad Kotak Mobile:9825065387 Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 Phone : 27451449
WeeklyReview
PRAKASH GABACFT, MSTA (Londen)A professional Technical Analyst and aTrader based in Bombay & Runs his ownconsultancy http:// www.prakashgaba.comEmail:[email protected] : 093222-10907
CRITICAL SUPPORT AT 5344
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A.K.
PrabhakarWebsite:
[email protected]@gmail.com
www.akprabhakar.com
Equity Analyst
Weekly Review for the Week
July 9th to 13th 2010Nifty: (5439)Sensex: (18144)6.8. 10We said Now the
market looks a bituncomfortable despiteclosing above the crucialsupport of 5350 and Iwould say that themarket has a sellingpressure in the upper
regions and the marketstill is sluggish in thecoming weeks and levelof even 5225-5100 is
not ruled outWell the market
reached once again ahigh of 5497 which isvery close to our targetof 5493 and to a greatextent the target is
achieved.Technically the
targets ere achieved andthe market is also findingselling pressure near thehigher levels and so I
would not be surprisedif the market remainssluggish
The crucial supportfor the Nifty is 5350-5225- 5100 and strongresistance at 5493-5511
The support for theSensex is at 18000-17850-17500-16950 andstrong resistance at18356 From a tradingpoint of view I wouldcontinue to book profitson the way up
RELIANCE group stocksunderperforming after comprise &
Nifty below 5380 CautionNifty (5439) has
closed positive+72points breakingp r e v i o u sfancy 5477 tomake it 5487
till Nifty isnot able toclose above5525 on 3-4days closingbasis then rising wedgein rising market which
could have negativeimplication could set-in, this market looks
weak technically andweakness can be
confirmed only below5350. Breaking below5350 we can possibl
see 5200 & 5070 onthe downside. Niftlong term movin
average supportinmarket 200DMAwhich 5126 and100DMA is 523without close below
5300 for 2-3days majoContinue on .......8
3
Astromoney guru
IT IS MARKET OF
STOCK NOT
STOCK MARKET
9
A. Shivkumar
VOLUME
ANALYSIS ON
PRICE13
Trading Guide
NIFTY SOMEWHERE
DOWN TREND:
CORRECTION IS SEEN
- 07/08/2010.The support at 5344
continues to providestrong support to themarket. This level hasmanaged to hold themarket for the pastthree weeks and as aresult it has become acritical support level.Currently the supportlevel for Sensex is at17833 and Nifty 5344.In case the marketbreaches the abovementioned levels, ashort term trend
reversal will besignaled and themarket will then headtowards the nextmajor supportwhich is at Sensex17373 and Nifty5210.
T E C H N I C A L L YSPEAKING.
The Sensexopened the week at17911, made a highof 18295, a low of17911 and closed theweek at 18143. TheSensex gained 275
points on a weeklybasis. Similarly Niftyopened the week at5369, made a high of
5487, a low of 5351 andclosed the week at5439. The Nifty too
closed with the weekwith a gain of 72 points.
On the weeklycharts both Sensex and
N i f t yh a v eformed abig whiteb o d yc a n d l e .Nifty hasmanagedto form ab u l l i s h
Harami pattern if weconsider last twoweeks candles. On the
daily charts both theindices have formed asmall black bodyspinning top, which isa neutral formation.Hence the onus will lieon the marketmovement onMonday.
Sensex and Niftyhave formed higherbottoms at 17838 and5349 respectively ascompared to Sensex17373 and Nifty 5210.The short term trendwill be in danger only
if both the indiceclose below theirespective highebottoms i.e. Sensex 17838 and Nifty - 5349In such a case a shorterm down trend wibe triggered and thmarket will then headtowards next majohigher bottom which iat Sensex 17373 andNifty 5210. One neednot worry about thmedium term as lonas the level of 17373 fo
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8/9/2019 Ter Englih Issue 24 Yr 3 Some Pages
2/9
08-08-2010 to 14-08-2010 3
FOR ACCURATE STOCK MARKET PREDICTIONS
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Hot Talk
Breakout not sustainingbut below 5340 only
caution advisedNifty has closedhigher 71 points at
5439 this week andit has not beenable to sustainabove 5477which was pre-vious 52-weekhigh. As long asit maintainsabove 5340 thetrend should ber e g a r d e dhigher, below thatdeeper correctiontowards 5200 is not
ruled out.LT (Rs 1801):-The stock has fallensharply from its re-
cent high at Rs1950. Now it consoli-dates near current
levels and fall belowRs 1750 may bringmore selling into the
c o u n t e rSell Rs 1810-1815for target Rs 1750,keep stops above Rs
1840MAX (Rs162.75):-
This stockhas remainedsteady in spiteof market ral-lies or marketfalls too, actu-ally it is show-ing accumula-tion formationwhere now vol-
umes are alsostarted coming. Itlooks good for 8-
10% rally at least.Buy Rs 161-163 fortarget Rs 172, keepstops below Rs 155
VISIT : www.theeconomicrevolutiohn.com for latest infromation
It is market of stocknot stock market
NIFTY VIEW
Nifty has support at 5400 resistance at 5500 & 5580.Nifty is
still bullish with respect to weekly chart. Investor should buy on
decline.SOME STOCKS FOR POSITIONAL BUY
STOCKS SUP. S. L TARGET
ABIRLNUVO 800 790 850
ONMOBILE 270 250 210330
ROLTA 170 165 180185
TTML 22 20 26
VIDEOIND 220 210 240
WELCORP 245 240 260BALRAMC 82 80 88
GRASIM 1850 1820 1950
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Nifty
Sup. 5400
Continue on ........8
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8/9/2019 Ter Englih Issue 24 Yr 3 Some Pages
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08-08-2010 to 14-08-2010 5
NOW SOME PAGES OF THE ECONOMIC
REVOLUTION IS AVAILABLE ON MONDAY ON THIS
WEB AND WHOLE ISSUE WILL BE AVAILABLE ON
TUESDAY ONLY. IF YOU WANT WHOLE ISSUE ON
MONDAY EARLY MORNING IN YOUR E MAIL
SUBSCRIPRIONSUBSCRIPRIONSUBSCRIPRIONSUBSCRIPRIONSUBSCRIPRION
ONLONLONLONLONL Y RS.1000 Y RS.1000 Y RS.1000 Y RS.1000 Y RS.1000
PER YEAR, WITH THIS ISSUE GEPER YEAR, WITH THIS ISSUE GEPER YEAR, WITH THIS ISSUE GEPER YEAR, WITH THIS ISSUE GEPER YEAR, WITH THIS ISSUE GET GUJARAT GUJARAT GUJARAT GUJARAT GUJARATI VERSION FREETI VERSION FREETI VERSION FREETI VERSION FREETI VERSION FREE
NEXT WEEK TREND DECIDER
READY FOR BREKOUT EITHER SIDEThe Sensex leapt
above the jinxed18,000 mark lastMonday, aided bystrong auto salesnumbers for July andpick up in monsoonrains. Though therewas a perceptibled e c e l e r a t i o nthereafter, the indexmanaged to close theweek above this level.Small-cap stocks
joined the ongoingparty in a big way last
week; some surfacingfrom a multi-yearhibernation to featurein the top gainers liston BSE.
As the earningsseason peters out,Indian stocks willincreasingly turn theireyes outward for cues.The FOMC meetingand the FederalReserve Chairman, Mr
Ben Bernankesstatement following itwill set the course forstocks over the short-term. Investors alsoneed to monitor the
dollar movement. Thegreenback has beenspiralling lower againstother currencies overthe last two weeks.Erosion in value of thissafe haven asset canaccelerate fundsinflows into highgrowth economiessuch as ours.
F o r e i g ninstitutional investorscontinued to supportstock prices over thepast week whiledomestic institutional
were sellingincessantly. Turnoverin the derivativesegment was mutedthough open interestis already nudging Rs1.5 lakh crore.
Oscillators in thedaily chart moved in tobullish region in thebeginning of the week
but they began saggingagain as the week
p r o g r e s s e d .Momentum indicatorsin the weekly chart aretrudging sideways in anarrow band since lastAugust reflecting thesideways trend in theindex over themedium-term.
We had brieflyreviewed the long-
term view last weekand had arrived at the
conclusion that thisview is turningpositive. The medium-term trend in theSensex howevercontinues to besideways. If weconsider the e-wavecounts of the movefrom February low, theindex has the
medium-term targeof 18,356 and the
19,271. Minor counts othe move from Malow of 15,960 also givus a likely targearound 18,600 andbeyond that at 19,300
In other words, thSensex could meet itnemesis again in thzone between 18,300
Continue on ......8
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08-08-2010 to 14-08-2010 7
Cont. from Pg. 1Lions Roar
INDEX LEVELS :S3 S2 S1 CLOSE R1 R2 R3
Nifty 5300 5344 5390 5439 5477 5525 5568
Sensex 17678 17833 17990 18143 18265 1 8414 18566
WATCH OUT FOR
VISIT : www.theeconomicrevolutiohn.com for latest infromation
the Sensex and 5210for the Nifty remainsintact.
As long as the
market remains abovethe 20dma, the shortterm trend will remainpositive. The20dma for theSensex falls at
18019 and Nifty at5411. Theintermediate trendwill be reversed from
up to down, if the50dma is breached.50dma for the Sensexis at 17618 and Nifty
5287.Oscillators are
painting a mixed
picture. MACDcontinues in its Sellmode. Stochasticoscillator has given a
Sell signal as % K hascut % D from above.While the OBV and RSIcontinues with their
buy mode. ROCcontinues in its buymode by staying in the
positive zone.But the area ofconcern is the
negative divergencewhich is seen on theoscillators like MACD,RSI and ROC. The ADX
continues to be at 27justifying the strengthin its uptrend. TheDirectional Indicatorscontinue to be in buy
mode.Both Sensex and
Nifty have completeda bullish flag patternbreakout and as aresult the target forthat will be Sensex -18732 and Nifty - 5609.
If we look atbroader picture, thenwe are still correctingthe fall of the Sensexfrom 21206 to 7697 andNifty from 6357 to 2252.Since both the indiceshave managed a close
above their 61.8%retracement levels,the next possibletarget will be Sensex18315 and Nifty 5478which are the 78.6%retracement levels ofthe entire previousfall. Nifty has managedto reach 5478 twoweeks back, while theSensex has managed a
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1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
LAST WEEKS RECOMMENDATIONS
STOCK Rec. Tgt Reached Lot Profitprice size
Buy BoB 752 768 782 500 Rs.15,000
Buy BoI 410 428 445 1000 Rs.35,000Buy M&M 661 675 670 250 Rs.2,250Buy JainIrrig 1235 1272 1315 250 Rs.20,000Buy SpiceJet 62 66 64 4000 Rs.8,000
Total R s. 80 ,2 50
Majority of the recommended stocks reached their targets exceptfor M&M and Spice Jet. But the star performer of the past week
was Bank of India and Jain Irrigation.
THIS WEEKS RECOMMENDATIONS :
STOCK CMP SL Tgt-1 Tgt-2Buy MundraPort 784 776 797 812
Buy DishTV 49.80 48.50 51.70 54.10
Buy BhushanSteel 1641 1624 1672 1704
Buy HIndujaVent 450 438 477 505
Buy LiC Hsg 1179 1165 1201 1224
high of 18295 lastweek, which is almost
just below the 78.6%level of 18315.
Since last October,
the market is movingin a rising channel andthe channel top hasprovided strongresistance to themarket and that supplytrendline top falls atSensex 18414 and Nifty5525. Both the risingchannel trendline topand the 78.6%retracement levels arevery near to each otherand hence Sensex andNifty are likely to finddifficulty in crossing
over 18315-18414 and5 4 7 8 - 5 5 2 5respectively.
The O.I.PCR is quitebullish at 1.59. HighestOpen Interest build upis seen at 5300 strikePut and hence it isexpected to providestrong support in theshort term. Strong Callwriting is visible at the
strike of 5600. The datclearly suggests thathe Nifty is likely tomove in a trading rangefrom 5300 on the lowe
side to 5600 on thehigher side for thAugust series.
Sensex has strontrendline resistancwhich is also the risingchannel top at 18414The trendline supporfor the Sensex is a17833.
Nifty has strontrendline resistancwhich is also the risingchannel top at 5525The trendline supporfor the Nifty is at 5344
For the weeahead, Sensex will findSupport at 1799017833-17678 and wifind Resistance a18265-18414-18566.
For the weeahead, Nifty will findSupport at 5390-53445300 and will findResistance at 54775525-5568.
Cont. from Pg. 3Astromoney Guru
difference betweenwhen you are trading
and when you aregambling. If you cansuccessfully masterthat psychologicalstumbling block, youwill most definitely
become a bettertrader. It is once again
that is market of stocknot stock market.Every body that tradethrough stock marketare known traders orinvestors not the
speculators sincspeculations ha
different rules andregulations andtrading andinvestment carrdifferent rules andregulations.
Cont. from Pg. 4Trad with Trend
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8/9/2019 Ter Englih Issue 24 Yr 3 Some Pages
5/9
08-08-2010 to 14-08-2010 9
IF NOT AVAILABLE IN MUMBAI CALL OUR DISTRIBUTOR : PHONE (022)30224757
Volume analysis on priceIn n order to
comprehend how theabove statement (bothin concept and in
practice) represents atrue and accurateassessment of marketdynamics, a trader
needs to understandthe basic structure
ofall markets and howsuch markets operate.Since all marketsrepresent a fractalnature, it turns out,Mandelbrot had it rightall along. By correctlyand thoroughlyapplying a framework,in an effort to see the
various fractalsoperating on a market,a trader can begin tosee the Price / VolumeRelationship at work all day, every day.
Succinctly, unlessand until thecomponents of onefractal reachcompletion, the nextslower fractal cannotbegin. It trading terms,
unless and until theVolume CycleSequences reachcompletion, the
current Price Trendcannot end.In general terms: if
Volume is increasing,
then the Price Trend iscontinuing. Such is the
essence of the Price /Volume Relationship.
Much debate hasensued over the yearswith respect towhether or not Volumerepresents helpful and/ or useful informationwith respect tounderstanding Price
change. In addition,those individualswho do find value inVolume analysis havelong argued theirviewpoint forthe bestmethodologyfor divining theinformation fromVolume itself. Forthose interested incontinuing suchdiscussions, I
recommend reviewingthe plethora ofthreads already inexistence as I have no
plans to engage in yetanother long drawnout Lincoln-Douglas,Presidential or
A c a d e m i cstyle debate.Rather than create
yet anotherenvironment forposting opinions orsowing the seeds forepic battles overd o g m a t i cphilosophies, my goalhere is to provide aframework, foranyone with aninterest, to learn howto learn to see thePrice / Volume
Relationship at workas shown through thefractal nature of allmarkets. In otherwords, this threadi s n t
about me teachingpeople to trade,calling trades orseeking converts to anew religious cult. Thisthread is about theindividual traderdeveloping the skillsneeded, and theknowledge required,
to learn to trade basedon whatt h e m a r k e t s a y s ,instead of what thetrader believes (or Ipost).
So, what can oneexpect from thisthread? Over the nextfew posts, I plan todetail the fundamentalbuilding blocks used inorder for a trader to
thoroughly, correctlyand consistentlyannotate a chart acrossthree separate trading
fractals. By learning tosee the visual cuesprovided by Price andVolume (Trend Linesand Gaussians), atrader can develop theability to see the Price/ Volume Relationshipat work. I expect anumber of questionswith respect to theneed for me providingclarification on anumber of postsmoving forward.
Everyone should feelfree to post asfrequently asnecessary in order toc o m p l e t e l ycomprehend thevarious aspects of The
Price VolumeRelationship aspresented. I encourageactive participationfrom those attemptingto learn.
In addition,everyone can expectto see plenty ofinformation whichflies in the face ofconventional wisdom
and long held beliefsystems. Contradictingc o n v e n t i o n a lorthodoxy and
religious dogma,when it comes toindividual traderbeliefs, often createsan almost visceralresponse from thosewho feel (for someunknown reason)threatened by themere discussion ofalternative viewpointsthan exposed in themainstream literature.Again, I have no desireto debate the validity
of that which I use totrade on a daily basis.Anyone who feels theyknow best or simplyconsiders theinformation alreadypresented devoid of
value, should stopreading immediately.To reiterate, this
thread will not teachyou to trade. If you arelooking for a cannedset of rules for entryand exit, lookelsewhere. However,this thread will teachyou to learn how toteach yourselfto trade
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
Nifty for 09/08/2010 to 13/08/2010:
Nifty CMP-5439 [ Key for down trend
is now 5330-5300 then target 5250-
5220. for up move from here 5450] -
Trend FLAT/Bearish
Previous Weekperformance
Nifty for 02/08/2010 to 06/08/2010:
Nifty CMP-5367 [ Key for down trend
is now 5330-5300 then target 5250-
5220. for up move from here 5420] -
Trend FLAT/Bearish.
Scripts +ve side : IRB, COX&King,
Elgiequipment, M&M and
Tatachemicals
Investment : Reliance
Scripts ve side : Bank stocks.
using the only toolyoull ever need chart and your owbrain. Lastly, th
market speaks oevery single badelivering its signals tthe trader in a timelfashion and well iadvance of the nextrend. It turns out; onneed not know howlong a particular trenwill lastOne only need knowthe signals for when particular trend hacome to an end. As atrends overlap, wherone trend ends, th
next trend begins.The basic principleinvolved in learninThe Price / VolumRelationship requirno more than a fewparagraphs tarticulate.
The repeate
and consistentapplicatio
of those principle
onto the marke
represents the bulk o
the effort required o
the individual.
If u want to knowabout Technical analysiclasses conducted byme, send the detailabout you [email protected] will revert back withcourse details. Pleasmention the referencas THE ECONOMICREVOLUTION
National Aluminium FY10
net profit dips 36%Total Income has
decreased from Rs56309.10 mn for theyear ended March 31,2009 to Rs 55477.00 mnfor the year endedMarch 31, 2010.
N a t i o n a lAluminium CompanyLtd has posted a netprofit after tax of Rs
ended March 31, 2010 as compared to R12722.70 mn for thyear ended March 312009.
Total Income hadecreased from R56309.10 mn for thyear ended March 312009 to Rs 55477.00 mfor the year endedMarch 31, 2010.8142.20 mn for the year
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8/9/2019 Ter Englih Issue 24 Yr 3 Some Pages
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08-08-2010 to 14-08-2010 11
NAME : NIFTY
BUY ABOVE : 5442RES-1 : 5480RES-2 : 5499RES-3 : 5530SELL BELOW : 5442SUP-1 : 5409SUP-2 : 5375SUP-3 : 5353
NAME : BANK NIFTYBUY ABOVE : 10380RES-1 : 10450RES-2 : 10500RES-3 : 10580SELL BELOW : 10380SUP-1 : 10194SUP-2 : 10095SUP-3 : 10025
NAME : ONGCBUY ABOVE : 1230RES-1 : 1246RES-2 : 1269RES-3 : 1278SELL BELOW : 1230SUP-1 : 1208SUP-2 : 1192SUP-3 : 1175
NAME : SBIN
BUY ABOVE : 2620RES-1 : 2635RES-2 : 2650RES-3 : 2662SELL BELOW : 2620SUP-1 : 2600SUP-2 : 2590SUP-3 : 2512
NAME : TATAMOTORBUY ABOVE : 893RES-1 : 903RES-2 : 911RES-3 : 920SELL BELOW : 893
SUP-1 : 882SUP-2 : 871SUP-3 : 842
NAME : TCSBUY ABOVE : 864RES-1 : 872RES-2 : 880RES-3 : 887SELL BELOW : 864SUP-1 : 858SUP-2 : 852SUP-3 : 842
DR. DIPESH GOHIL
Mo. 9727990980
OUR PERFORMANCESTOCKS REC. HIGH TGT
PRICE /LOWNIFTY 5374 5483 3TAR. ACHVD.BANK NIFTY 10126 10498 3 TAR. ACHVD.CESC 39 5 4 0 3 1 TAR. ACHVD.CIPLA 32 6 1 2 7 2 TAR. ACHVD.
CAIRN 33 5 3 4 8 3 TAR. ACHVD.PATNI 46 9 4 3 1 3 TAR. ACHVD.
WE WEL COME ADVERTISE FOR THIS PLACE
Dinesh
NagpalPh: 9830039085
EMail: [email protected]
Time to go fishingNifty has made a new high
bouncing from 5350, but it has nomanaged to hold those levels mainlydue of lack of support of volumes andsupport from heavyweights likeRELIANCE. Jesse Livermore one of thbest traders of all time has writtenThere are times when I buy and only
buy, there are times when I sell and only sell and there are times when I gofishing. The market currently is in that phase where there is no participationfrom large caps and volumes over all are very poor. Avoid large exposurein stocks both long and short, and keep a very strict stop loss. Nifty appearto be within the range of 5350 5475. Trade within the range and on directionof breakout. Support for the week comes in at 5365 / 5290 / 5230. Resistanccomes in at 5500 / 5560 / 5635
Stock Picks for the week.
Tech Mahindra (722)
The stock is not able to trade above its key moving averages. Short for target of 685 with a stop loss of 740.
MTNL (67.55)
After a recent phase of consolidation in daily charts the stock is againshowing signs of a rally. Buy for a target of 77 with a stop loss of 64.50
-
8/9/2019 Ter Englih Issue 24 Yr 3 Some Pages
7/9
08-08-2010 to 14-08-2010 13
A MULTY ANALYST WEEKLY ON LINE
NIFTY SOMEWHERE DOWN
TREND: CORRECTION IS SEENAs previously
indicated that niftywill have domecorrection at theweekend, and have
some short towards5350. Previous week,market shows someless movement withgood volume. Thisindicates thatinvestors are waitingfor time to book profitor shorting of scrips.The Nifty is down 9.45points or 0.17% at5437.65, well off thedays high of 5471.90.Asian markets ended
on a mixed note at theweekend. The trend inthe European region isalso a bit mixed at
present with investorschoosing to wait forthe crucial U.S. jobsdata. Hero Honda, TataSteel, Tata Consultancy
Services and DLF aredown by 1.3% - 1.6%now. Hindalco andONGC have lost 1.15%and 1.05%respectively. StateBank of India is downnearly a percent at Rs2621. RelianceInfrastructure, BhartiAirtel, BHEL, RelianceIndustries, SterliteIndustries, HDFBA,Larsen & Toubro, NTPC
and InfosysTechnologies are alsotrading weak. Niftystocks Kotak Bank,
Continue on ........14
Cairn India, SAIL,Suzlon Energy, HCLTechnologies, AxisBank and Siemens aredown with notablelosses. Tata Motorsrules firm with a sharpgain of 3.6%. ITC, ACC,GAIL India, HDFC, JindalSteel and Power GridCorporation are up 1%- 2% on sustainedbuying support. IdeaCellular,
S u nP h a r m a c e u t i c a l s ,
Ambuja Cements,Cipla, Mahindra &Mahindra and Unitechare up with modestgains. IFIC has lost over6% on selling pressure.Andhra Bank, OracleFinancial Services,Federal Bank, AshokLeyland, PatniComputer Systems,United Spirits, IDBIBank, Bank of Baroda,Crompton Greaves,HDIL, MangaloreRefineries &
Petrochemicals andSyndicate Bank arealso down with sharplosses.
INTERNATIONAL INSTRUMENTS:-
-
8/9/2019 Ter Englih Issue 24 Yr 3 Some Pages
8/9
-
8/9/2019 Ter Englih Issue 24 Yr 3 Some Pages
9/9
08-08-2010 to 14-08-2010 17
GUJARATI HARD COPY AVAILABLE IN GUJARAT AND MUMBAI
Queens scientists take a step closer
to discovering life-bearing planetsThe discovery of
new life-bearingplanets is a step closeras the result of a new
space missioninvolving physicistsfrom QueensUniversity Belfast.
Known as PLATO(Planetary Transits andOscillations of Stars),t h emission isdesignedto seeko u tp l a n e t sf a rb e y o n de a r t h s
s o l a rsystem, orbiting starsin the Milky WayGalaxy.
PLATO is one ofthree missions to sharein a 3.65milliondevelopment grantfrom the UK SpaceAgency. In June 2011,The European SpaceAgency will choosetwo of the threemissions to build andlaunch into orbitbetween 2017 and
2020.Planet hunter
Professor DonPollacco, fromQueens School ofMaths and Physics, isPrincipal Investigatorof the internationalPLATO ScienceConsortium. He said:The discovery of life-bearing planets is oneof the major scientificand philosophical
challenges of our timeand at Queens wehave been active inthis area for many
years. Already ourS u p e r W A S Pexperiment, usingg r o u n d - b a s e dtelescopes, hasdiscovered 43 exo-planets so far.
We envisage thatthe new PLATOspacecraft would belaunched between2017 and 2020, on aRussian Soyuz Fregatrocket. We hope it willbe powerful enough todetect rocky planets inthe habitable zones ofsun-like stars, thoseregions around a starwhere liquid water canexist. In other words, itcould find new earths.
Using a suite ofspace telescopes on asingle spacecraft,PLATO would detectthese planets bypicking up a brief andtiny dimming of light asthey pass in front oftheir stars, blockingtheir brightness.
The mission wouldfocus on solar systemsclose enough to bescanned for bio-
signatures, or signs oflife by later missionsand ground-basedtelescopes.
If selected for fulldevelopment, the UK,together with otherESA member states,will design PLATOsscientific instrumentsand finance its
development,while ESAw o u l dcommissiont h espacecraft tobe built inE u r o p e a nindustry.
S e c o n donly to the UnitedStates in spacescience, the UK'sthriving space sectorcontributes 6.5bn ayear to the UKeconomy and supports68,000 jobs.
The International
PLATO Science
Consortium involves
seven UK institutions
(Queens University
Belfast, Queen Mary
University of London,
University College
London, University of
Leicester, Open
University, University
of Cambridge and
Warwick University).
F u r t h e r
information on
Queens Astrophysics
Research Centre is
available online at
h t t p : / /
star.pst.qub.ac.uk.
LLOYDS LIST ASIA AWARDS ORGANISERS
ANNOUNCE 2010 SHORTLISTThe best and
brightest in the Asianmaritime industry are
expected to be in at-tendance to witnessthe 2010 Lloyds ListAsia Awards honouringexcellence in shipping.
LONDON Friday,6th August 2010 Lloyds List theworlds flagship newsand informationsource for the globalmaritime industry has taken one stepcloser to the LloydsList Asia Awards withthe announcement of
the shortlist for thisyears awards due tobe held on 7 October atSingapores MarinaMandarin Hotel.
More than 450 se-nior executives are ex-pected to attend thegala dinner and glitter-ing celebration of thebest and brightest tal-ents in Asian shipping.
A total of 17 compa-nies, organisations andindividuals will behonoured as Asia con-
tinues to prove why itis rapidly becoming theleading force in globalshipping.
Success in ship-
ping has always re-quired a happyconfluence of vision,
experience and timingand it is these at-tributes which will behonoured at this yearsLloyds List AsiaAwards, explainsColum Murphy, AsiaBureau Chief, LloydsList.
Our shortlist pro-vides much evidenceof individuals andcompanies in Asia whohave harnessed theseattributes and whohave the potential to
usher the global mar-ket back to full recov-ery.
Highlights of theevening are sure to in-clude the announce-ment of the Lloyds ListLifetime Achievementand Newsmaker of theYear awards.
In addition, 15 otherawards will be pre-sented from the highstandard of shortlistedentrants.
Weighing and
evaluating the entrieshas been a dauntingtask, but one that ourpanel of judges has un-dertaken with huge
commitment, as evidenced by the impressive talents of the
shortlist, sayMurphy.I look forward to
spectacular eveninwhen together withprimary sponsoGermanischer Lloydand all of our individual award sponsor- we will celebratethose in the industrwho are making outstanding contributionto maritime shipping.
Further informatioon attending the 2010
Lloyds List Asia Awardcan be found on: http:/awards.lloydslist.comasia-awards.
The shortlisted entrants for this yearLloyds List Asia Awardare as follows:
Ship Yard of thYear:
Jiangmen NanyanShip Engineering
Keppel FELSKeppel ShipyardContainer Termina
Operator of the Year:Port of TanjunPelepas
PSAWestports Malaysi
Cont. from Pg. 16TextGuard Announces
Companies in highly-regulated industries,such as financialservices or government,are obligated to preservecommunications and toproduce these messageswhen necessary.
In addition, SEC
and FINRAregulations requirefinancial services firms
to regularly reviewtheir representativeselectronic messages,document these visualinspections and noteany actions that result.Depending on the
industry, failure tocomply with theseregulations can result
in fines, loss of licenseand other
a d m i n i s t r a t i v esanction. In addition,other non-regulatedcompanies havebegun to developin terna l po l ic iesaimed at monitoring
e m p l o y e edissemination throughmobi le dev ices o f
sensi t ive companyinformation.
Shipping Corporation plans follow-on public offerS h i p p i n g
Corporation of India(SCI), India's largestshipping company,proposes to go in for afollow-on public offer.
Besides, theGovernment plans tofurther divest an
unspecified stake in thecompany.The company, in a
notice to the stockexchanges, said itsboard will meet onAugust 11 to decide onthe two proposals FPO and theGovernment offer forsale.
The Governmentholds a stake of 80.12%in SCI. Domestic
institutional investorshave 13.04% and FIIs2.12%.
We propose toissue fresh equity toraise funds for ourexpansion plans. Thedetails will be workedafter obtaining
approvals from theboard and theGovernment, said MrHajara, Chairman andManaging Director, SCI.
This would be thethird divestment bythe Government in SCI.According to analysts,this time theGovernment maydivest 10-15 per cent.With the company alsoplanning a follow-on
offer, the Governmenstake will come dowfurther, they said.
SCI shares closed aRs 168.15 on the NSEdown 1.93 per cent onFriday. The market wagenerally flat with Niftdown by 7.85 pointsExcept for Essa
Shipping which was usix per cent at Rs 115.40(on news of de-mergeof its port business)other shipping stocksuch as GE Shipping andVarun Shipping werdown two per cent.
The company, whicis currently in a majoexpansion drive, haearmarked a capex oRs 8,000 crore for thnext two years.