Indian Ticker : Choose Right Stocks that Ticks Money

The website, Technicalanalysisofstocks, has recommended the stock MOIL, for the target price of Rs 375 and a stop loss at Rs 348. The recommendation is based on the bullish breakout trend with heavy volume.

Shardul Kulkarni, Sr Technical Analyst, Angel Broking shares his stock picks for the day.

Elecon: Here the recommendation is the is to buy for its breakout signal with a target price of Rs 87.50 and a stop loss at Rs 72.30. The stock has given a breakout from a bullish flag pattern at Rs 76.25 with huge volumes. In addition, we are observing a bullish crossover of 5 & 20 EMA on the weekly charts. Buy this stock on a decline up to Rs 75.40 for a target of Rs 87.50 in the coming 2-3 weeks.

Adani Power: For this stock too the recommendation is buy as there is an indication of an upmove with a target price of Rs 126 and a stoploss at Rs 106.50. The stock is continuously taking a support near its multiple support zone of Rs 106. The weekly chart shows a positive crossover in RSI-smoothened oscillator, suggesting a positive up move is likely to continue. Buy this stock on decline up to Rs 109.50 for a target of Rs 126 in coming 2-3 weeks.

CEAT: Kulkarni recommends a buy for this tyre company for its breakut signal with a target price of Rs 131.80 and stop loss at Rs 108. On the daily chart, the stock is forming a bullish flag pattern which will be confirmed above Rs 114.80. The momentum oscillators on the weekly chart suggest possibility of breakout. We advise buying the stock only aboveRs 114.80 for a target of Rs 31.80 in the coming 3-4 weeks.

Polaris Software: the recommendation for this stock is sell on negative bias with a target price of Rs 161 and a stop loss at Rs 174. The stock is continuously moving in a lower-top lower-bottom cycle and is trading well below its major moving averages. The momentum oscillators on the weekly chart are negatively poised. Sell this stock only below Rs 170.25 for a target of Rs 161 in the coming 2 -3 weeks.

Zee Entertainment: Here also the recommendation is to sell the stock since the trend is of breakdown with a target price of Rs Rs 115.80 and a stop loss at Rs 125.50. The stock has given a breakdown from an upward sloping trend line at Rs 124. The momentum oscillators on the weekly chart suggest a possibility of a downward move in coming trading sessions. We advise selling the stock only below Rs 122.70 for a target of Rs 115.80 in the coming weeks.

The key domestic indices are likely to witness a negative opening, as most of the major Asian indices were seen trading on a weak note amidst rising concerns over US economic health.

The US manufacturing and consumer confidence data showed a declining trend fueling concerns that demand for the Asian region”s exports may get hampered. The MSCI Asia Pacific Excluding Japan Index declined 0.5% to 473.71 with three stocks declining against each that rose. The Taiwan Weighted, Seoul Composite and Straits Times declined by 0.84%, 0.76% and 0.20%, respectively.

However, the Shanghai Composite and Hang Seng were showing mild gains of 0.17% and 0.19%, respectively. In the domestic arena, the markets are likely to open weak as the SGX Nifty was trading 0.46% lower, pointing towards a slow start. The Realty, Metal, Auto and Banking space will be in focus during today”s trade.

regards,

Commoditytipsexpert Team

On Friday, the domestic bourses ended the session on a lackluster note as the benchmark indices closed on a downbeat note after trading range-bound for the majority of the session. Soon after opening on the higher side, the benchmark indices were seen surging higher.

However, the benchmark Nifty faced resistance near the 5,630 mark and was pulled back thereon. It was dragged near the 5,560 mark as the Metal and Auto space faced selling pressure. As the day progressed the market entered a narrow range and was seen trading sideways for the rest of the session.

The outstanding results from tech major TCS failed to uphold the market sentiment. However, the stock closed with more than 2% gains. Further, the lower than average monsoon figures further weighed on the domestic sentiment. The participants were looking forward to the European Banks” stress test results.

The BSE Sensex closed at 18,561.92 down by 56.28 points or by 0.30% and NSE Nifty closed at 5,581.10, lower by 18.70 points or by 0.33%. The BSE Midcap was at 7,006.75 lower by 7.83 points or by 0.11%, whereas the BSE SmallCap closed at 8,363.22, increasing by 6.83 points or by 0.08%. The BSE Sensex touched intraday high of 19,619.65 and intraday low of 18,513.22.

On Friday, the U.S. markets closed on a positive note after hovering around the baseline for the majority of the session. The warnings from Moody and Standard & Poor to downgrade U.S. credit rating in case they fail to increase debt ceiling on time, has maintained pressure on the sentiment.

The stress test results had limited impact on the market sentiment as it seemed to be already discounted as it is perceived to use unrealistically favorable loss assumptions. The stress tests showed 82 out of 90 banks passed. The results showed five Spanish banks, two Greek banks and one Austrian bank failing the test.

While the test did show some failures, many are already discounting the tests as using unrealistically favorable loss assumptions. Among the economic data released, the Empire Manufacturing Survey disappointed the market, reading of -3.8 for July as compared the consensus among economists of 1.0.

Further, the overall CPI for June decreased by 0.2%, which exceeded street estimates of 0.1% decrease. Core CPI increased by 0.3%, which is also higher than the consensus of 0.2% increase. Energy (+2.6%) and Tech (+1.0%) were the major gainers during the session.

In the major indices, the Dow Jones Industrial Average (DJIA) closed with a gain of 42.61 or 0.34% at 12,479.73 while NASDAQ index finished up by 27.13 points or 0.98% to 2,789.80. The S&P 500 (SPX) closed higher by 7.27 points or 0.56% to 1,316.14.

The FIIs on Friday stood as net buyer in both equity and debt. Gross equity purchased stood at Rs. 2405.10 crore and gross debt purchased stood at Rs. 1685.80 crore, while the gross equity sold stood at Rs. 2067.50 crore and gross debt sold stood at Rs. 1489.70 crore. Therefore, the net investment of equity and debt reported were Rs. 337.60 crore and Rs. 196.20 crore, respectively.

Top traded volumes on NSE Nifty – IDFC 7500481, Power Grid 4636585, TCS 3639850 and Reliance Industries 2495602.

On BSE, total number of shares traded was 21.41 crore and total turnover stood at Rs. 2,098.74 crore. On NSE, total number of shares traded was 47.20 crore and total turnover stood at Rs. 8815.95 crore. In the NSE Futures and Options segment, total number of contracts traded in index futures was 435152 with a total turnover of Rs. 11385.21 crore.

Along with this total number of contracts traded in stock futures were 383952 with a total turnover of Rs. 11176.99 crore. Total numbers of contracts for index options were 2750631 with a total turnover of Rs. 77735.98 crore and total number of contracts for stock options was 117817 with a total turnover of Rs. 3459.33 crore.

Canada will release the Gross Domestic Product estimate for April at 12:30 GMT, where GDP is expected to contract by 0.1%, compared with the prior expansion of 0.3% in March, while GDP is expected to expand by an annualized 2.7%, easing from 2.8% in the prior estimate.

As for the United States, the data will start at 12:30 with the weekly jobless claims after they rose unexpectedly last week to 429 thousand. While at 13:45 GMT the Chicago PMI for June is due and expected to slow to 54.0 from 56.6.

The natural gas markets fell again this week, showing the range bound nature of this market as traders have been buying at $4-$4.20 and selling in the $4.80-$5 area. The lower end of that band is being tested right now, and as long as we are above the $4 mark, seems that a longer-term trader could go ahead and buy, with stops protecting them of course. Selling here would be almost impossible because of the strength of the support area.

Natural gas prices extended the drop last week despite expectations of warmer weather conditions, which pushed natural gas prices higher earlier in the week, however, the EIA report showed natural gas inventories rose above expectations, which weighed down on natural gas prices and pushed prices lower.

Nonetheless, we should expect natural gas prices to rise during this upcoming week, as expectations signal that temperatures will be above than average for this time of the year, which could increase demand for power-plant fuel.

Aug crude oil prices this morning are trading down sharply by -$2.41 a barrel and Aug gasoline is -7.32 cents per gallon.  Crude oil and gasoline prices yesterday moved higher after Greek Prime Minister Papandreou won a vote of confidence, which reduced concern that Greece’s debt crisis would worsen and after weekly gasoline supplies unexpectedly declined: CLQ11 +$1.24, RBQ11 +9.91.

Bullish factors included (1) reduced concern that the European debt crisis will worsen and threaten economic growth after Greek Prime Minister Papandreou won a vote of confidence, and (2) the unexpected fall in weekly DOE gasoline inventories (-464,000 bbl versus expectations of a +1.0 million bbl build).

Bearish factors included (1) weakened fuel demand after US gasoline demand in the week ended Jun 17 fell -0.5% to 9.319 million barrels a day, and (2) the larger-than-expected increase in the refinery capacity rate to its highest level in 10 months, which bodes well for future increases in gasoline and distillate products (+3.1 to 89.2% versus expectations of +0.5 to 86.6%).

In 1963, the Commodity tips Research Bureau developed a computerized trading system for the purpose of removing the emotional human element from market forecasting. Since then, countless trading programs, timing theories, and techniques have been designed and popularized by an even wider universe of individuals and companies for the purpose of “beating” the futures market. Yet, today, CRB’s Trends in Futures remains one of the oldest and most respected technical daily market letters.

The Commodity Research Bureau has been leading the world in commodities research and analysis since 1934.  Based in Chicago, Illinois, the firm has been the innovator of the CRB Indices, as well as the publisher of the CRB Yearbook, Encyclopedia, CRB Price Charts, Trends in Futures and Futures Market Service newsletters.

Trends in Futures trading system analyzes four different technical studies to categorize markets as trending up, sideways, or down. These four studies are a combination of moving average, price volatility, market momentum, and various time cycles. Support and resistance levels are recalculated daily and serve as “stops” when the market is in a trend phase and mark the breakout levels for new up or down trends when markets are in a sideways mode.

A decoupling from risk appetite trends that saw crude deviate from the S&P 500 for second day played in crude’s favor this time around. The WTI contract managed to advance despite a selloff on Wall Street as official DOE inventory figures revealed a much larger drop in inventories (-1711k barrels) last week than had been anticipated by preliminary API figures released on the previous day (-81k barrels).

Looking ahead, the absence of energy-specific economic data for the remainder of the week ought to see the link between crude and the S&P 500 reestablished, which argues for a bearish bias at the moment as futures contracts tracking the US benchmark stock index sink to the tune of 0.5 percent ahead of the opening bell in New York. Broadly speaking, this makes sense. Chinese and Euro Zone PMI readings showed continued slowdown in both regions while yesterday’s FOMC announcement painted a stark picture of lackluster performance coupled with the absence of further stimulus. Plainly put, all three of the world’s top economic growth engines now look worse than before, pointing to a weak second half of 2011 for oil demand.

WEEKLY GENERAL MARKET ANALYSIS FOE WEEK ENDING 25^TH MARCH THE WEEK ENDING 18^TH MARCH WAS A HIGHLY NEGATIVE WEEK FOR INDIAN INDICES AS NIFTY AFTER HAVING STARTED THE WEEK FROM THE HIGHEST POINT OF THE WEEK AT 5537 FELL TO CLOSE THE WEEK NEAR THE LOWEST POINT OF 5373. ALTHOUGH THIS LOW OF 5373 WHICH WAS ALSO THE EARLIER LOWS OF 1^ST MARCH & 15^TH MARCH, THIS WAS BREACHED ON FRIDAY 18^TH MARCH TO MAKE A NEW INTRADAY LOW OF 5266, BUT THE LAST 30 MINUTES AVERAGING BROUGHT IT UP TO CLOSE EXACTLY AT 5373 WITH A LOWER CLOSING COMPARED TO ITS PREVIOUS WEEKS CLOSING OF 5445. SO, NIFTY MADE A LOWER HIGH, LOWER LOW AND LOWER CLOSING FOR TWO CONSECUTIVE WEEKS IN A ROW . ALTHOUGH NIFTY IS STILL ABOVE THE CRITICAL LEVEL OF 5353 ON THE LINE JOINING 7^TH MARCH LOWS OF 5478 & 15^TH MARCH LOWS OF 5373 , YET IT LOOKS CERTAIN FOR NIFTY TO BREACH THIS LOW AROUND 5353 TO SLIDE FURTHER DOWN TO TEST THE MAKE OR BREAK SUPPORT LINE AROUND 5303 TO 5323 ZONE COMING FROM THE FEBRUARY LOWS OF 5177 AND 5232.

A BREACH AND CLOSE BELOW THIS MAKE OR BREAK SUPPORT LINE AROUND THE NIFTY ZONE OF 5303 TO 5323 WILL TRIGGER THE BREACH OF THE NECK LINE OF THE DOUBLE HEAD FORMATION MADE BY NIFTY WITH TWIN HIGHS AT 5599 ON 18^TH FEB & 5608 ON 4^TH MARCH . SO, IF INDIAN MARKETS HAVE TO SURVIVE THEN THIS MAKE OR BREAK SUPPORT LINE AROUND 5300 TO 5320 HAS TO BE PROTECTED BY THE BULLS FAILING WHICH FEBRUARY LOWS OF 5232 FOLLOWED BY 5177 WILL ONLY ACT AS DRINKS BREAKS FOR THE OVERWHELMED BEARS TO TAKE NIFTY TOWARDS PSYCHOLOGICAL 5000 FOLLOWED BY 4800 IN NEXT FEW WEEKS. THE WAY THINGS ARE SHAPING UP ONE AFTER THE OTHER , UNLESS BULLS UNITE AND TAKE SOLID REARGUARD ACTION TO PREVENT NIFTY FROM BREACHING 5353 INITIALLY FOLLOWED BY THE ALL IMPORTANT ZONE BETWEEN 5323 TO 5303, ONE SHOULD NOT BE SURPRISED TO SEE FEBRUARY LOWS OF 5252 & 5177 BEING BREACHED BY NIFTY BEFORE THE EXPIRY ON 31^ST MARCH TO OBEY THE DIRECTIONS SHOWN BY THE MONTHLY BEARISH ENGULFING CANDLE OF JANUARY 2011.

NEGATIVE NEWS ONE AFTER THE OTHER EMANATING IN THE FORM OF DUBAI DEBACLE, EUROPEAN SOVEREIGN DEBT, GREECE, EGYPT, LIBYA, BAHRAIN, SOUTH ARABIA & TO TOP IT UP THE JAPANESE DISASTER DO NOT SPEAK WELL OF THE STOCK MARKET CONDITIONS IN THE NEAR TERM AND AS FAR AS INDIAN MARKETS ARE CONCERNED THESE EXTERNAL DAMPENERS COUPLED WITH THE INTERNAL POLITICAL CRISES ARISING OUT OF WIKILEAKS, 2G SCAM & PLANTED STORIES ON INDEX HEAVIES LIKE RELIANCE D- 6 GAS MYSTERY THAT HAS BEEN REPEATED ALMOST EVERY MONTH AFTER EVERY RISE IN RELIANCE  SHARE TIPS FREE TRIAL PRICES, ARE CLEAR POINTERS TO A SUBDUED MARKET CONDITION IN COMING DAYS . MOST LIKELY MARCH MONTH COULD SEE FEBRUARY MONTH LOWS OF 5232 & 5177 BEING BREACHED BEFORE ANY NOTICEABLE RETRACEMENT BOUNCE CAN TAKE NIFTY ABOVE THE UPPER SURESHOT MCX TIPS TRADING BAND NOW HAVING SLIPPED TOWARDS THE 5500 LEVELS.

FIBONACCI FOR FIBONACCI CALCULATIONS, WE HAVE CONFINED OUR STUDIES FROM THE LEVELS OF THE 2^ND WAVE LOWS EITHER FROM 3^RD NOV 2009 LOW OF 4540 TILL DIWALI HIGH OF 6338 OR FROM THE 13^TH JULY 2009 LOW OF 3919 TILL DIWALI HIGH OF 6338. IN THE FIRST CASE THE 61.8% RETRACEMENT COMES TILL 5227 AND 78.6 % COMES TILL 4925. IN THE FIRST CASE THE 61.8% AT 5227 HAS ALREADY BEEN BREACHED TO MAKE A NEW LOW OF 5177 AND NIFTY IN CASE BREACHES 5177 THEN IT CAN FALL TILL THE NEXT 78.6% LEVEL TILL 4925. IN CASE OF 2^ND WAVE HAVING BEEN COMPLETED AT THE 13 JULY 2009 LOW OF 3919, THEN FROM THE DIWALI HIGH OF 6338, 50% SUPPORT COMES AT 5128, 61.8% COMES TILL 4843.

THIS “C” DOWN LEG HAS COMPLETED 3 SUB WAVES AND WE ARE NOW IN THE 4^TH SUB WAVE 3, 3, 5 FLAT BETWEEN THE LOW OF 5177, HIGH OF 5599 AND LOW OF 5233 & 5608 MADE ON FRIDAY 4^TH MARCH. OUT OF THIS 3, 3, 5 FLAT 1^ST 3 UP SUB LEGS WENT FROM A LOW OF 5177 TILL THE HIGH OF 5599, THE 2^ND 3 CAME DOWN TILL FRIDAYS LOW OF 5233 AND THE FINAL UP 5 OF THE FLAT HAS EITHER BEEN COMPLETED AT THE FRIDAYS HIGH OF 5608 OR MAY TAKE NIFTY A BIT MORE AFTER WHICH IT MAY COMMENCE THE FINAL 5^TH DOWN SUB LEG OF “C” OF “ABC” ZIGZAG TOWARDS 5000 OR EVEN 4800. HOWEVER IF ONE HAS A CLOSER LOOK AT THE CHARTS OF LOWER TIME FRAMES OF 1 HOUR TILL 5 MINUTES CHARTS, IT INDICATES THAT THE “ABC” ZIGZAG IS OVER AT THE LOW OF 5177 AND THE 86.7% CORRECTION FROM THE HIGH OF 5599 TILL FRIDAYS LOW OF 5233 WAS THE RETRACEMENT TO THE UP MOVE FROM LOW OF 5177 TILL 5599 & AFTER MAKING A LOWER LOW AT 5232 FRESH UP MOVE HAS STARTED WHICH CAN ONLY BE CONFIRMED AFTER A DECISIVE CLOSE ABOVE “B” WAVE HIGH OF 6181.

Sure Share Tips For Mcx Trading :

Pepper June delivery dropped Rs 201 and settled at Rs 30177/quintal on profit booking at the weekend though the tight supply situation in spot market checked the downfall. Supplies have been weak in the spot market because of almost stagnant production since last three-four years. Farmers have held back their produce on hopes of better prices. A restricted supply position is likely to keep pepper prices firm.

Domestic pepper production this year is expected to be down because of unseasonal rain during October-December that affected the yield of pepper vines. Pepper arrivals in Kochi Mandi increased to 340 quintals as on 13th May 2011 from 230 quintals, meanwhile offtakes also jumped to 310 quintals from 200 quintals. Spot pepper dropped -255.2 rupees to 29373.35 rupees per 100 kg in Kochi market. The contract touched the intraday high of Rs 30383/quintal while low of Rs 29711/quintal. Now support for the pepper is seen at 29798 and below could see a test of 29418. Resistance is now likely to be seen at 30470, a move above could see prices testing 30762.

Trading Ideas:

Pepper trading range is 29418-30762.

Pepper dropped on profit booking though the tight supply situation in spot market checked the downfall

Pepper looks to test support at 29798 and resistance is seen at 30470.

NCDEX accredited warehouses pepper stocks rose by 5 tonnes to 3216 tonnes.

Spot pepper dropped -255.2 rupees to 29373.35 rupees per 100 kg in Kochi market.

Menthaoil May contract dropped Rs 12.9 and settled at Rs 923.2 due to weak spot market. The total arrivals of mentha oil in all the major mandies were reported steady at around 200 drums over. On May 12th, total stock of mentha oil at MCX-monitored warehouses at Chandausi was 50,016 kg of which 24,467 kg is physical stock and 25,549 is the demat stock.

At Barabanki, the total stock was 1,61,957 kg of which, physical stock accounted for 45,403 and demat stock was 1,16,554 kg. The contract made intraday low of Rs 921.5 a kg and high of Rs 953.9 a kg with the volume of 237 and total open interest for the same contact was at 436.Now support for the menthol is seen at 911.8 and below could see a test of 900.5. Resistance is now likely to be seen at 944.2, a move above could see prices testing 965.3.

Trading Ideas:

Menthaoil trading range is 900.5-965.

Menthaoil spot is at 1025/-.Spot market is down by Rs.10/-.

Menthaoil dropped due to weak spot market

Menthaoil looks to take support at 911.80 and resistance at 944.20.

On May 12th, total stock of mentha oil at MCX warehouses at Chandausi was 50,016 kg

Soyabean yesterday we have seen that market has moved -0.4% getting pressure from slumping demand, with slower exports and a drop in domestic use adding to defensive tone. The Brazil soybean crop is projected at 72.5 million tons, down 0.5 million from the projected record 2010/11 crop. A 3 percent increase in harvested area is more than offset by a return to trend yields. China soybean production is projected at 14.8 million tons, down 0.4 million from 2010/11 due to lower area and yields.

At the Indore spot market in top producer MP, soybean gained 4 Rs to 2341Re 100 kgs. Market has opened at 2384 & made a low of 2370 versus the day high of 2398. The total volume for the day was at 28340 lots and the open interest was at 165890.Support for soyabean is at 2371 below that could see a test of 2357. Resistance is now seen at 2399 above that could see a resistance of 2413.

Trading Ideas:

Soyabean trading range is 2357-2413.

Soyabean ended down getting pressure from slumping demand

Soyabean is taking resistance at 2399 and support is seen at 2371.

China soybean production is projected at 14.8 million tons, down 0.4 million from 2010/11

At the Indore spot market in top producer MP, soybean gained 4 Rs to 2341Re 100 kgs.

Chana dropped Rs 8 and settled at Rs 2456 per quintal due to profit booking however declining arrivals in spot markets limited the downside. Peak arrival period in chana is almost over and now we expect chana prices to move up as demand is also likely to pick up in the near future. Production of chana, or chickpea, in the current season is likely to fall to 7.37 million tonnes from 7.48 million tonnes a year ago.

Also get detail about intraday nifty future tips, share tips , trading tips for today, share market tips, indian stock market trading tips, mcx tips, commodity tips, nifty tips .

<!–[if !mso]> <! st1\:*{behavior:url(#ieooui) } –>

The tech rich Nasdaq outperformed its counterparts during the past two sessions taking assistance from large-cap tech issues such as Intel (INTC 21.46, +0.05), Apple (AAPL 350.70, +8.29) and Qualcomm (QCOM 56.94, +1.67).

On the economic front, data were disappointing but had no impact on the gains. Initial jobless claims for the week ended April 16 stood at 403,000, above the expected 390,000 claims. Week over week, initial claims came down by 13,000 and continuing claims decreased by 7,000 week over week to 3.70 million.

In the major indices, the Dow Jones Industrial Average (DJIA) closed with a gain of 52.45 points or 0.42% at 12,505.99 while NASDAQ index finished higher by 17.65 points or 0.63% to 2,820.16. The S&P 500 (SPX) closed up by 7.02 points or 0.53% to 1,337.38.

The FIIs on Thursday stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 2543.70 Crore and gross debt purchased stood at Rs. 1259.10 Crore, while the gross equity sold stood at Rs. 2080.80 Crore and gross debt sold stood at Rs. 1074.40 Crore. Therefore, the net investment of equity and debt reported were Rs. 462.90 Crore and Rs. 184.70 Crore.

Top traded Volumes on NSE Nifty – Jaiprakash Associates Ltd. 10757164, ITC Ltd. 9487361, Hindalco Industries Ltd. 8777639, Tata Consultancy Services Ltd. 8666984, Cairn India Ltd. 6242239.

On BSE, total number of shares traded was 29.48 Crore and total turnover stood at Rs. 3603.63 Crore. On NSE, total number of shares traded was 65.33 Crore and total turnover stood at Rs. 13415.71 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 485232 with a total turnover of Rs. 13442.48 Crore. Along with this total number of contracts traded in stock futures were 829277 with a total turnover of Rs. 23504.73 Crore.

Total numbers of contracts for index options were 3522285 with a total turnover of Rs. 103685.94 Crore. and total numbers of contracts for stock options were 199839 with a total turnover of Rs. 6122.09 Crore.

The domestic bourses ended the first trading session of the week on a downbeat note as the benchmark indices closed in the negative terrain after hovering across the baseline throughout the session. During the morning trade, the Asian stocks traded higher as Credit Suisse Group AG improved its share-price estimate for Mitsubishi UFJ Financial Group Inc.

Further, the Japanese market traded up following reports that cost of Fukushima nuclear accident will be shared by other utilities along with Tokyo Electric Power Co. However, the Chinese stocks dropped after rising oil prices fuelled concerns that inflation will rise and lead to more policy tightening measures.

Soon after opening in the negative, the benchmark indices surged above the neutral line tracking the positive Asian cues. The US market closed higher on Friday which also boosted the morning sentiment. However, as the day progressed, the market turned volatile and the benchmarks see-sawed across the unchanged zone.

A bout of selling came in during the final hour of trade and the benchmarks were dragged in the negative terrain and finally closed with mild losses. Sensex heavyweight Reliance Industries plunged by 2.97% during today’s trade. The positive opening for the European bourses had failed to make any impact in the domestic arena.

In the sectoral front, the Oil&Gas and Realty space took the major hit, declining by 1.75% and 1.18%, respectively. However, the Consumer Durables sector traded strong, gaining by 0.92%. Both the Nifty and Sensex witnessed extreme volatility throughout the session and finally closed with marginal losses.

The positive closing for the overnight US market had limited impact on the domestic stocks during morning trade. The Dow Jones Industrial Average (DJIA) closed with a gain of 52.45 points or 0.42% at 12,505.99 while NASDAQ index finished higher by 17.65 points or 0.63% to 2,820.16. The S&P 500 (SPX) closed up by 7.02 points or 0.53% to 1,337.38.

Among the Sensex pack, 18 stocks ended in negative while 12 stocks ended in the positive terrain. The overall market breadth also remained weak, as out of total 3,001 stocks traded on BSE, 1,558 stocks declined, whereas 1,340 stocks advanced and 103 stocks remained unchanged.

The BSE Sensex closed at 19,584.31 down by 17.92 points or by 0.09% and NSE Nifty closed at 5,874.50, lower by 10.20 points or by 0.17%. The BSE Midcap was at 7,241.58 higher by 6.25 points or by 0.09% and the BSE SmallCap closed at 8,899.90, up by 21.33 points or by 0.24%. The NSE Nifty touched intraday high of 5,906.60 and intraday low of 5,857.00.

The top gainers of the BSE Sensex pack were Sterlite Industries (India) Ltd. (Rs. 186.40, 4.40%), State Bank of India (Rs. 2919.35, 2.06%), Maruti Suzuki India Ltd. (Rs. 1326.55, 1.53%), Infosys Technologies Ltd. (Rs. 2942.15, 1.13%) and Larsen & Toubro Ltd. (Rs. 1721.50, 1.03%), among others.

Subscribe now and start earning profits on your investment in stock market.

share tips free trial || commoditytipsexpert

The Builders Association of Navi Mumbai (BANM) is holding its eleventh annual property exhibition from December 3 to 6, 2010. Properties from Vashi, Sanpada, Kharghar, Panvel and many more location would be on display.

Approx 100 members are participating in the exhibition which will have 175 stalls. Major financial institutions too are participating in one of the biggest exhibition of Navi Mumbai.

Said Bhupendra Shah, President of BANM, “This is a great time to hold the exhibition. First of all I would like to congratulate all the residents of Navi Mumbai and in fact the State as well, on the sanction of Greenfield International Airport in Navi Mumbai. This project will bring more jobs and also boost the property market and commercial activity in the region. The demand for houses is all set to soar here.”

Added Shah, “Along with the airport, the proposed sealink, water transport and metro rail will provide excellent connectivity to the city of Navi Mumbai. Such infrastructure is the key to the development of any city and Navi Mumbai will now have them all.”

Speaking on the exhibition, Shah said, “This year the exhibition will be even bigger than those held in the previous years The flat sizes on offer will be from 400 square feet to more than 7,000 square feet. The flat prices will range from Rs.12 Lakh to Crores of Rupees.”

He further added “This year there will be more than 2.5 to 3 lakh visitors to the exhibition in comparison to last year’s 1.5 lakh visitors last year.”

Stated the BANM President, “I invite those interested in purchasing their dream homes, to the exhibition as this is a great opportunity for them to choose from a wide variety of houses at a single venue under one roof.”

According to Manish Bhatija, conveyor of BANM exhibition, “While the exhibition will be of great benefit to the developers, the real winners will be the customers. They will get a large variety of properties to choose from. This is the right time to your dream home. Finance too will be easily available due to the presence of the financial institutions at the exhibition venue.”

Concluded Bhatija, “With the airport clearance through, investors from Mumbai, Pune and Thane too will be interested in the region.”

The green signal to the Navi Mumbai international airport has already begun to influence the property market of Navi Mumbai and is expected to boost it further in the coming days.

Suresh Haware, main sponser of BANM exhibition said, “This definitely is a milestone for the city in terms of infrastructure. An increase of 20 to 25 percent can be expected with respect to the property prices because of this approval. This apart, hotel and tourism sector is going to be benefited and it will generate two lakh new employment opportunities in the city.” he added.

Agreed Devang Trivedi, Joint Secretary of BANM, “With the approval of the airport Navi Mumbai has become a self contended, complete city, and consequently the overall sentiment of the people towards it will change. There will be nothing that the city lacks in terms of infrastructure People, not only from Mumbai, but from other regions including neighbouring Pune will come to reside here.”

He continued, “The prices of property in the city will increase by 15 percent within one month and comparatively less populated nodes like Kalamboli, Khandeshwar, New Panvel will come into the limelight.”

Regards,

sure shot nifty tips ||  sure shot commodity tips

Gold updates rose after two days of sharp declines, as tumbling European and US equity markets on talk that Germany might enact a short-selling ban prompted investors to buy bullion as a safe haven. Early in the session, bullion dropped from record highs, as funds liquidated positions due to CME Group’s 2nd margin hike this month and technical weakness. Many market watchers remained long-term bulls on gold although they said the precious metal could correct further after rising as much as $400 since July on speculation the Fed this week would announce new plans to stimulate a sluggish US economy.
Silver price rose reversing from its sharp decline along with gains in base metal and gold prices after release of unemployment claims data. The turnaround came as U.S. equity indexes hit their lows, with the Dow Jones Industrial Average recently down 169 points at 11151, as worries about the pace of global growth outweighed the boost to sentiment from Warren Buffett’s $5 billion investment in Bank of America.
Crude oil updates rose in the line of expectation due to concerns about Hurricane Irene’s impact on US East Coast fuel supplies and fighting in Libya. Crude supported by strong gains in gasoline and heating oil futures as the market kept a close watch on powerful Hurricane Irene, which threatened East Coast refineries.
The storm was forecast hitting the US eastern seaboard by the weekend was closely monitoring its track but has yet to carry out any traffic restrictions on the Harbor. In Libya, rebels stormed Tripoli’s one of the main holdouts of forces loyal to Gaddafi after a NATO airstrike on a building in the area. Markets are concerned about the speed at which the OPEC nation’s oil exports can be returned to markets.
Copper updates jumped nearly 2% to close at a 3-week high, as confidence in Asian economic growth prospects and speculation that the Fed Reserve could stand ready to support the ailing US economy powered prices higher. Stronger dollar help copper to climb for a 3rd straight day, as investors shifted their focus to an overnight rally in Asian markets and the surprising strength in shares of some banking heavyweights, which signaled to some that the world’s largest copper buyer was on firmer economic footing than its Western counterparts.
Zinc updates yesterday traded with the positive node and settled 2.11% up at 101.75 trakcing LME zinc prices overnight continued rising steadily and broke through USD 2,200/mt at noon. According to data from US Department of Labor announced on Thursday, the US initial jobless claim in the week ending on August 20 surged to 417,000, higher than previous estimation of 405,000, pushing up the US dollar index to 74.3.
But speculations of a bracing results of the meeting this evening by the US Fed boosted LME zinc prices to finally close at USD 2,230/mt, up USD 56/mt.Market expectation and response towards Ben Bernnake’s speech will dominate market movement on Friday when Ben Bernnake will delivery important speech.

You can also contact with commoditytipsexpert ‘s analytics for any quarry.

Dividend Definition:

Dividends are payments made by a corporation to its shareholder members. When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be paid to the shareholders as a dividend. Many corporations retain a portion of their earnings and pay the remainder as a dividend.

Dividends are usually settled on a cash basis, as a payment from the company to the shareholder. They can take other forms, such as store credits (common among retail consumers’ cooperatives) and shares in the company (either newly-created shares or existing shares bought in the market.) Further, many public companies offer dividend reinvestment plans, which automatically use the cash dividend to purchase additional shares for the shareholder.

Forms of Dividend payment:
Cash
Cash dividends (most common) are those paid out in the form of a cheque and currently ECS(Electronic clearing system). Such dividends are a form of investment income and are usually taxable to the recipient in the year they are paid. This is the most common method of sharing corporate profits with the shareholders of the company.

For each share owned, a declared amount of money is distributed. Thus, if a person owns 100 shares and the cash dividend is Rs.0.50/- per share, they will receive Rs.50/- in total.

Stock
Stock or scrip dividends are those paid out in form of additional stock shares of the issuing corporation, or other corporation (such as its subsidiary corporation). They are usually issued in proportion to shares owned (for example, for every 100 shares of stock owned, 5% stock dividend will yield 5 extra shares). If this payment involves the issue of new shares, this is very similar to a stock split in that it increases the total number of shares while lowering the price of each share and does not change the market capitalization or the total value of the shares held.

Property
Property dividends or dividends in specie (Latin for “in kind”) are those paid out in form of assets from the issuing corporation or another corporation, such as a subsidiary corporation. They are relatively rare and most frequently are securities of other companies owned by the issuer, however they can take other forms, such as products and services.

When a company offers its shares to the general public for the first time ever, it is known as an Initial Public Offer or IPO. Before the IPO, the company’s shares are held only by a select group of people.