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Wednesday, July 14, 2010
Jaiprakash Power Ventures
We recommend a buy in the stock of Jaiprakash Power Ventures from a short-term trading perspective. It is seen from the charts that the stock was on an intermediate-term downtrend from its June 2009 peak of Rs 103 until it found support around Rs 62 in late May 2010. This level is a long-term support for the stock. Since then, the stock has been on a short-term uptrend. While trending up, it breached 21 and 50-day moving averages successively. Moreover, the stock's 4 per cent jump on July 13 has emphatically penetrated its 200-day moving average and the down trend-line. There has been an increase in volume over the past two trading sessions. The 14-day price rate of change indicator has rebounded into the positive territory and weekly indicator is featuring in this territory implying buying interest. A buy signal in the daily moving average convergence divergence indicator and daily RSI hovering in the bullish zone are other positive factors for the stock. Our short-term outlook on the stock is bullish. We expect the stock to move ahead to hit our price target of Rs 76 or Rs 78 in the approaching trading sessions. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 72.
via BL
Tuesday, July 13, 2010
Asian markets depressed on lack of direction
Worries about a persistent slowdown in the Chinese housing market affect overall sentiments
BSE Bulk Deals to Watch - July 13 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
13/7/2010 530713 Ajel Info SAUMIL ARVIND BHAVNAGARI B 78000 34.15
13/7/2010 530713 Ajel Info NAYANKUMAR SHAH KALPANABEN B 53951 33.80
NSE Bulk Deals to Watch - July 13 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
13-JUL-2010,AEGISCHEM,Aegis Logistics Ltd,SUNDEEP CREDITS PVT LTD,BUY,209030,436.76,-
13-JUL-2010,BAGFILMS,B.A.G Films and Media Ltd,SAFFRON FINANCE LIMITED,BUY,2667391,16.32,-
Infy fails to break momentum, Nifty above 5400
Today's major news
Infosys Technologies falls on disappointing Q1 nos; the stock closes 3.44% lower
Subex spurts on European order win; the stock ends 4.01% higher
Network18 surges on strategic pact; the stock closes 4.56% higher
Sensex, Nifty attain 29-month closing highs; realty shares soar
Revival of monsoon rains and stepping up of buying by foreign funds helped the key benchmark indices attain their highest closing level in 29-months. Rally in European stocks and US index futures supported the domestic bourses as the market extended gains for the fourth day. The stock market regulator Securities & Exchange Board of India (Sebi)'s recent decision to cut exposure margins on stock derivatives, also supported sentiment. Realty shares jumped in late trade on speculation the government will soon announce a hike in foreign direct investment (FDI) in the real-estate sector. Index heavyweight Reliance Industries (RIL) surged.
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