Dear All,
Market expected to open light positive today. Global markets find their path way in netural levels.
DOW -47, NASDAQ -19, HANGSEHG +130, NIKKE1 +83, SHANGHAI +12, STRAITS +29.
If Nifty(Fut) could have a strong support @ 4712 levels & move it path way towards 4723 we may travell till 4757/4799 levels. If Nifty(Fut) starts it rally down below 4653 levels we may have an oppurtunity to see 4612/4573 levels shortly. Lets wait to watch the game on Nifty.
Todays Nifty(Fut) trading levels:
Base: 4692
Res: 4695/4718/4744/4769
Mid Res: 4694/4707/4731/4756
Supp: 4670/4666/4640/4615
Mid Supp: 4681/4668/4653/4627
Ur valuable comments & suggestions are welcomed. Interested clients may cal me on 9894523386/9843974524. For news on market levels, market updates & calls you may add urself to my yahoo messenger id vk83_03@yahoo.co.in. U may also reffer this blog to ur friends/relatives if ur satisfied.
ALL MY MARKET INFORMATIONS & CALLS OR FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT
Have a Happy Trade.......
Monday, August 31, 2009
Profit with Phoenix as on 31/08/2009
Pritish Nandy Communications` director resigns
Pritish Nandy Communications has announced that Harshawardhan Sabale,
independent director of the company has resigned from the board of the
company with effect from 31 August 2009.
------------------------------
Gayatri Projects to allot equity shares
The board meeting of Gayatri Projects will be held on 08 September 2009
for considering the allotment of 10,00,000 equity shares of Rs 10 each
at a premium of Rs 175 per share on preferential basis to Reliance
Capital Trustee- Reliance Infrastructure Fund.
------------------------------
Ind Tra Deco to allot equity shares
The board of Ind Tra Deco has decided to create, issue and allot
6,40,00,000 equity shares of Re 1 each for cash at par aggregating to
Rs. 6,40,00,000 to various entities including promoter group companies
on preferential allotment basis to generate long term resources for
implementing future growth plans and to strengthen the company`s
financial position.
------------------------------
Sql Star International to issue shares
The members of Sql Star International have passed resolutions with
unanimous majority to issue of shares on preferential basis and issue of
share warrants on a preferential basis.
------------------------------
Manappuram General Finance & Leasing appoints additional director
Manappuram General Finance & Leasing has announced that the company has
received approval from the Ministry of Corporate Affairs, Delhi, for
increasing the number of directors from 12 to 15. Accordingly the
company has appointed B. N. Raveendra Babu as additional director with
effect from 17 August 2009.
------------------------------
Banswara Syntex allots warrants
The board of Banswara Syntex has allotted 16,50,000 warrants to the
persons other than promoter, these warrants entitle the holders to apply
for and obtain allotment of one equity shares of the face value of Rs 10
each at a premium of Rs 31 per warrant (equity share).
------------------------------
Sankhya Infotech to allot warrants
The board of Sankhya Infotech has approved to increase in the Authorized
Share Capital from Rs 15 crore to Rs 18 crore with an addition of Rs
3.00 crore and also have passed the resolution to allot 40,50,000
warrants to the promoters and their associates as per the prevailing
regulations.
The board has also given its consent for merger of Talent Sprint,
Hyderabad headed by Santanu Paul for stock swap deal into Sankhya
InfoTech.
Further the board has considered the appointment of Santanu Paul as the
whole time director. Santanu Paul would also function as the president
and CEO of the company with immediate effect. the board has also
approved the appointment of Madhu Murthy as executive vice president of
the company with immediate effect.
The company has delisted its shares from Bhubaneswar Stock Exchange,
Orissa and has considered to allot 5% of share capital for ESOP subject
to the guidelines.
------------------------------
MSP Steel & Power to raise funds
The board of MSP Steel & Power has decided to issue, offer and allot
redeemable preference shares for an amount not exceeding Rs
1,20,00,00,000 subject to the approval of the shareholders in general
meeting and the amounts raised by this issue will be utilized for
expansion projects of the company.
Further it has been decided to increase the authorised share capital of
the company subject to the approval of the shareholders of the company
from Rs 60,00,00,000 dividend into 6,00,00,000 equity shares of Rs 10
each to Rs 75,00,00,000 divided into 6,00,00,000 equity shares of Rs 10
each and 1,50,00,000 redeemable preference shares of Rs 10 each by
creation of 1,50,00,000 new redeemable preference shares of Rs 10 each.
------------------------------
Glory Polyfilms to raise funds
The board of Glory Polyfilms has decided to issue and allot in one or
more tranches in the domestic / international markets offering to
Domestic / Foreign Investor / Institutional Investors / Foreign
Institutional Investors, Non-Resident Indians Companies or Bodies
Corporate whether incorporated in India or abroad, Trusts, Mutual Funds,
QIBs, equity shares and / or equity shares through GDRs and / or ADRs
and / or FCCBs and / or any securities convertible into equity shares at
the option of the company and / or holder(s) of the securities and / or
securities linked to equity shares and / or securities with warrants
including any instrument or securities representing either equity shares
and / or Foreign Currency Convertible Bonds or Convertible Securities or
securities linked to equity shares or securities with equity shares /
fully convertible debentures / partly convertible debentures or any
securities for an amount not exceeding in US$25 million.
-------------------------------
Kingfisher Airlines to raise funds
The board of Kingfisher Airlines has passed an enabling resolution for
an additional fund raising through various instruments including GDRs,
upto an amount of US $ 100 million.
It was also consequentially decided to seek the approval of the
shareholders for increase in authorised share capital of the company
from Rs 500 crore to Rs 1000 crore.
--------------------------------
Multiplus Holdings to increase authorised capital
The board meeting of Multiplus Holdings will be held on 11 September
2009 to consider the increase in authorised capital of the company.
--------------------------------
BASF`s director resigns
The board of BASF India has accepted the resignation of K R Coorlawala
who tendered his resignation vide his letter dated 21 August 2009 as
independent director from the board.
---------------------------------
Allied Digital Services issues equity shares
The board of Allied Digital Services, a leading Indian, Enterprise IT
infrastructure management services has approved sub-division of the
equity shares of face value of Rs 10 each into two equity shares of Rs 5
each and issue of 100,000 equity share warrants on a preferential basis
to Bennett, Colemen & Company (BCCL).
The board has also approved issue of securities to QIB pursuant to the
Qualified Institutional Placement (QIP Issue) for a value equivalent up
to US$ 50 million. The Board also recommended payment of final dividend
of 20% per share to the shareholders of the company. The board took on
record the audited results for the year ended March 2009.
--------------------------------
Oriental Bank of Commerce appoints MD & chairman
Union Bank of India has announced that the Central Government after
consultation with the Reserve Bank of India has appointed T Y Prabhu,
executive director of Union Bank of India as chairman and managing
director of Oriental Bank of Commerce with effect from 27 August 2009.
--------------------------------
Maytas Infra appoints directors
The board of Maytas Infra by an order dated 05 March 2009 passed by the
company law board, K. Ramalingam, Ved Jain, O. P. Vaish and Anil K.
Agarwal were appointed by the Central Government as directors of the
company on behalf of the company Law Board. The Govermnet directors have
since held discussions with the stakeholders of the company to discuss
the present state of affairs of the Company and the way forward.
--------------------------------
Supreme Infrastructure receives new work orders from Ramprashta
Promoters
Supreme Infrastructure India has announced that the company has awarded
new work orders from Ramprashta Promoters & Developers for construction
of Multistoried `Edge Towers` complex at Ramprastha City in sector 37-D,
Gurgaon, Haryana.
The scope of the work will involve construction of 15 towers consisting
of basement and 20 storied apartments named as Edge Towers. The project
will be completed with in 36 months from the date commencement of the
project, 01 September 2009. The total cost of the project is Rs
2363175000 2363175000 excluding of works contract tax,
service tax and labour cess
-----------------------------
Hon`ble High Court approves scheme of arrangement
Vallabh Steels has announced that the company had earlier decided to
hive off its Sponge Iron Unit in the State of Jharkhand subject to
necessary consent and approval for which 01 March 2006 has been fixed as
the appointed date. The said scheme of arrangement has been approved by
the Hon`ble Punjab & Haryana High Court at Chandigarh which shall become
effective with the filling of a certified copy of the orders of Hon`ble
High Court with the Registrar of Companies at Jalandhar. The company has
compiled the Annual Accounts for the financial year ended 31 March 2009
pertaining to the units remaining with the company after hiving off
Sponge Iron Unit.
----------------------------
Rishabhdev Technocable to issue warrants
The members of Rishabhdev Technocable have accorded to issue of
30,00,000 fully convertible equity warrants to the promoters, Sunil B
Golechha (5,00,000), Kamal Chand B Golechha (5,00,000) and Bhanwal Lal
Golechha (20,00,000).
----------------------------
REI Six Ten Retail to raise funds
The board of REI Six Ten Retail has given in principle approval of issue
of share warrants up to Rs 100 crore.
The board has also approved to increase in authorized capital from Rs.
35.69 crore to Rs 50 crore.
----------------------------
Ind Swift Laboratories allots equity shares
The board of Ind Swift Laboratories has allotted 6,37,000 equity shares
of Rs 10 each at a premium of Rs 60 per share to promoters group upon
the conversion of 6,37,000 zero coupon optionally convertible warrants
(series 2008).
----------------------------
Bodal Chemicals to raise funds
The board of Bodal Chemicals has decided to raise funds through issue of
equity shares/FCCBs/securities with or without detachable warrants with
exercisable right by the warrant holders to convert or subscribe to
equity shares and/or such other securities including convertible debt
securities for an amount not exceeding Rs. 60 crore or its equivalent in
any foreign currency either through preferential issue and/or QIP and/or
private placement and/or public issue and/or any other option for
raising of funds for the company.
-----------------------------
Kiri Dyes and Chemicals to raise funds
The board of Kiri Dyes and Chemicals has decided to raise fund to the
tune of Rs 250 crore by way of QIPs / FCCB / GDR etc. for expansion of
existing Dyes Intermediates Facilities, diversification project for
Ethanol & its derivatives and acquisition of one or more companies in
India or abroad.
------------------------------
ONGC acquires stimulation vessel for Mumbai offshore
The board of Oil & Natural Gas Corporation has approved the acquisition
of a new stimulation vessel equipped with state-of-the-art technologies
for Mumbai Offshore at an estimated cost of Rs 764.1 crore, with FE
component of US$150 million and Rs 14.18 crore. The new Stimulation
Vessel will increase the productivity of oil and gas wells by removing
the drilling induced damage, increasing the effective well bore radius
and changing the flow regime into the well bore.
Presently Well stimulation jobs are done by Samudra Nidhi, the only
Stimulation vessel owned by ONGC. The new vessel will not only augment
the stimulation jobs but will gradually replace Samudra Nidhi in a
phased manner. The vessel will be procured through Lump Sum Turnkey
(LSTK) contract.
The company has also announced New Discovery in West Tripura PEL Block,
Assam & Assam Arakan Basin, Exploratory well Sundalbari-4 drilled in
West Tripura PEL Block of A&AA Basin to a depth of 3400m flowed gas from
the interval 2164-2168m at the rate of 1,60,000 m3/d. The gas contains
upto 96.3% Methane. This is a new pool discovery in Upper Bhuban
Formation in a separate fault closure. This discovery has opened up a
new reservoir for further exploration within the Sundalbari area and has
also proved the extension of the field as a whole.
The board noted the renewal of insurance cover for ONGC directors and
company secretary for the year 2009-10 effective from 10 June 2009. The
insurance cover limit of Rs 100 crore is to cover any personal liability
arising to directors and company secretary of ONGC and its subsidiaries
in discharge of their official responsibilities.
ONGC approved the combined development of clusters of two Western
Offshore Fields; namely B-22 cluster (comprised of B-22, BS-12, BS-13 &
B-149 marginal fields) and B-193 cluster (comprised of B-193, B-172,
B-178, B-179, B-180, B-28A, B-23A & B-28) at an estimated cost of Rs.
8554.26 crore with FE component of US$ 1697.27 million. The idea of
combining two projects by way of offloading the process requirement and
related facilities, erstwhile considered to be taken up separately,
would amount to a savings of about US $133 million.The project is
scheduled to be completed by March 2012, and the cumulative hydrocarbon
production from this combined project is estimated at over 21.5 million
tonne of oil and oil equivalent gas over the next 15 years. While the
gas production will commence by 2011, oil production is to begin by
2012.
-----------------------------------
Hiran Orgochem to raise funds
The board of Hiran Orgochem has proposal to issue all or any of the
instruments, equity shares / warrants / FCCBs / PCDs / OCDs / FCDs, GDRs
/ ADRs / bonds / any other equity related instruments with or without
warrants in aggregate upto Rs 75,00,00,000 for cash or equivalent to
cash in Indian and / or any other currency (ies) in one or more tranches
to Indian / foreign / resident / non-resident investors.
-------------------------------
Subex enables real time business optimization with Rocware 2.0
Subex, a leading global provider of operations and business support
systems (OSS / BSS) has released Rocware 2.0 for communication service
providers (CSP5) to assist them with revenue protection, cost management
and assured operations. Rocware 2.0 is a key component of the ROC
(Revenue Operations Center) - a concept the company pioneered almost
three years ago.
Rocware provides subscriber-centric revenue, cost and margin visibility
with a unique real-time mechanism to study the financial impact of
operational changes on profitability. This is lacking in CSP
environments as most OSS / BSS today exist and operate in silos thereby
leading to un-correlated and massively under-utilized data within the
service provider`s operational infrastructure. As data and analytics are
only as good as the processes and systems that generate them, Rocware
enables CSPs to assure not just revenue, but operational processes as
well. It creates a direct link between operations and profitability by
serving as a platform that seamlessly brings together traditionally
disparate systems for assurance, audit, controls and governance. This
provides an end-to-end view of operations, eliminating silos, and helps
CSPs to monitor, control and optimize the business more
efficiently.Rocware delivers pro-active operational intelligence and
actionable insights, leading to improved customer experience. It
includes data collection, aggregation, analytics and presentation, while
searr integrating with other OSS / BSS products (Subex, in-house and
third-party) and other enterprise functions such as CRM, ERR and BI.
Rocware is the solutions platform enabling pragmatic evolution to a ROC
that delivers Business Optimization in the most pragmatic and
non-disruptive manner.
---------------------------------
Bajaj Hindusthan to import raw sugar
Bajaj Hindusthan has announced that in addition to contracts for import
of raw sugar aggregating to around 3 lakh MT executed earlier, the
company has executed further contracts for import of raw sugar
aggregating to around 4 lakh MT for processing / refining the same into
white sugar at its sugar plants during the forthcoming sugar season
2009-2010.
The company is in the process of making arrangements to modify its
Bagasse-fired Boilers at three of its units to Bagasse/Coal-fired
Boilers to meet its a power requirements in this regard. Consequently,
including the processing/refining of the raw sugar aggregating to 7 lakh
MT into white sugar, the sugar production of the company during the
forthcoming sugar season 2009-2010 is expected to be around 1.4 million
MT.
---------------------------------
Capital Packaging acquires shares
Freshtrop Fruits has announced that Capital Packaging on 27 August 2009
has acquired 410 shares. After this acquisition their total holding in
the company is increased from 1,931,908 shares representing 19.23% to
1,932,318 shares representing 19.236%.
----------------------------------
Deep Industries allots warrants
Deep Industries has announced that the company had made preferential
allotment of 35,00,000 convertible warrants of Rs 58 each aggregating to
Rs 20,30,00,000 on 11 August 2009 to Prabhavati Properties (17,50,000)
and Kanvel Finance (17,50,000).
----------------------------------
Syndicate Bank appoints MD & chairman
Syndicate Bank has announced that the Central Government has on 31
August 2009 in consultation with the Reserve Bank of India has appointed
Basant Seth as chairman and managing director (MD) of the bank for a
period upto 29 February 2012, the date of his superannuation or until
further orders whichever is earlier.
-----------------------------------
Maytas Infra receives proposal from IL&FS Financial services
The board of Maytas Infra had received a proposal from IL&FS Financial
Services to enhance its ownership in the company and substitute the
promoter of the company by acquiring management control of the company.
By an order dated 31 August 2009, the CLB based on an application by the
Maytas Infra (MIL) board has instructed to induct ILFS as new promoters
and allowing them to assume management control through appointment of 4
directors including the chairman. The board of MIL have taken into
record the company law board order and have initiated necessary steps
towards implementation of such order.
------------------------------------
Deep Industries receives letter of award from ONGC
Deep Industries has announced that the company has obtained letter of
award from ONGC, Ahmedabad Asset for hiring the services of compression
of natural gas at Ramol GGS for Ahmedabad Asset approximately value of
contract aggregating to Rs 77.50 million. The location is Ramol GGS.
------------------------------------
Navneet Publications to increase authorised share capital
The members of Navneet Publications India have accordedto increase in
authorised share capital.
The members have also accorded to declaration of bonus equity shares in
the ratio of 3:2
-------------------------------------
Geodesic`s board approves acquisition of a company
The board of Geodesic has approved the acquisition of a company in the
space of Communication and Social Networking with offices globally.
-------------------------------------
Dollex Industries enters into MOU with Madhya Pradesh Government
Dollex Industries has announced that the company enters in a memorandum
of understanding (MoU) with Madhya Pradesh Government to establish an
integrated Agro Energy Complex consisting of ethanol, power and sugar
with an investment of 105 crore.
With continuous demand in Sugar Industry after many years company is
negotiating for acquiring sugar unit of 2500 TCD in Madhya Pradesh. Upon
the acquisition the company will set up a distillery and power
generation unit.
The company has taken an initiative to mechanise the Sugar harvesting.
Company has already acquired Cane thumpers to cut the cane and cane
loaders for loading the cut cane in to trucks. Cane thumper can cut
around 40 metric ton of Sugarcane in 7 hours, manually to cut the same
quantity of cane it takes around 24 hours. Similarly cane loader will
load a truck of 10 metric ton in around half an hour which manually
takes around 4.5 hours. The need of mechanized form of cutting and
loading the cane was felt by the industry due to scarcity of labour.
Automation of these processes helps the company in solving the ongoing
labour problems.
------------------------------------
Parsvnath Developers develops integrated township in Rohtak
Parsvnath Developers (PDL), one of India`s leading real estate and
infrastructure companies having completed nineteen glorious years
recently and has to its distinction, completion of 37 projects
comprising of 11.23 million sq. ft in total and is further executing 42
million sq ft. on a fast track has received the letter of intent (LoI)
for grant of licence from director, Town and Country Planning, Haryana,
Chandigarh for developing approximately 118 acres of integrated township
in Sector 33 A, Rohtak, Haryana.
The sector 33 A Rohtak, is adjoining mega development of Haryana State
Industrial and Infrastructure Development Corporation (HSIIDC) on NH 10
where Industrial Model Township (IMT) is being developed by Haryana
Government. Also major industrial units like Asian Paints, Maruti Suzuki
(for developing hi-tech R&D complex) footwear Design & Development
Institute (FDDI) etc. have already started their development, It is
pertinent to note that it will be PDL`s first residential offering in
Rohtak.
The project with a realization value of approximately Rs 700 crore will
have approximately 4 million sq. ft. of saleable area and would comprise
of plots, affordable homes, row houses, independent villas shopping,
commercial along with school, dispensary etc. It is pertinent to note
that the company acquired 118 acres land, fully paid and has complete
possession of the land. The company intends to start the development,
construction and marketing activities soon after receiving all the
approvals and completing all necessary formalities of obtaining the
licence.
------------------------------------
Cairn starts oil production in Rajasthan
Cairn India has started production from the world class Mangala Field in
Rajasthan. Mangala is the largest of 25 discoveries made by Cairn in the
Barmer Basin in block RJ-ON-90/1. The Mangala field was dedicated to the
nation by the Hon`ble Prime Minister of India, Manmohan Singh at the
Mangala Processing Terminal, Barmer, Rajasthan in an inauguration
ceremony attended by Central and State Government officials.
First oil was evacuated via trucking to the Gujarat coast for onward
transport to MRPL, one of the Government nominated buyers, using a
heated crude oil tanker. The oil production will gradually ramp up to a
peak production of 175,000 barrels of oil per day over the next two
years. At this point, oil production from Rajasthan oil fields will
account for over 20% of India`s domestic oil production. Among those
present at the event were dignitaries including the Chief Minister of
Rajasthan, Ashok Gehlot, the Union Minister for Petroleum and Natural
Gas (P&NG) Murli Deora, Minister of State for Petroleum and Natural Gas
Jitin Prasada, the Member of Parliament for Barmer Harish Chaudhary, the
Minister of State for Mines, Environment and Forest, Government of
Rajasthan Ram Lal Jat, Secretary (P&NG) R S Pandey, directorate General
of Hydrocarbons V K Sibal and Chairman and Managing Director of ONGC R S
Sharma. Cairn was represented by Sir Bill Gammell, Chairman, Cairn India
and Rahul Dhir, Managing Director and CEO, Cairn India.
Cairn India, the Operator of the Rajasthan block, holds a 70 percent
participating interest with ONGC, its joint venture partner, holding the
balance of 30 percent. The joint venture has already invested
approximately US$ 2 billion in the Rajasthan project and has plans to
invest a further US$ 1.8 billion by 2011 making it one of the largest
onshore oil and gas projects in India. The GoI has nominated MRPL, IOC
and HPCL for the initial offtake quantities from the Rajasthan block for
the period 2009-10 and 2010-11 and the commercial terms and pricing
negotiations have been concluded with IOC and MRPL.
The pricing agreed with MRPL and IOC for the initial volumes of crude
from Mangala represent a 10-15% discount to Brent on the basis of prices
prevailing for the six months to June 2009. This is subject to GoI
approval.
------------------------------------
Micro Technologies enters into strategic agreement with Numerical Data
Micro Technologies enters into strategic agreement with Numerical
Data, a firm based in Netherlands worth 3 million US$. Micro
Technologies would offer it`s welt tested varied ranges of products for
vehicle, mobile security and tracking, premises security including other
products to Numerical Data with technical support. Numerical Data would
create Dealers Network and would give sale and after-sale support to its
dealers. After rigorous market research Numerical Data chose exclusive
range of Micro Products in terms of advanced technology and market
viability.
Giving prime importance to the CSR (Corporate Social Responsibility)
activities, Micro Technologies has taken an initiative to spread
awareness of basic Safety and Security Measures to avoid the unexpected
events during This festive season and make their festival livelier. One
of the major assets today people possess and are concerned about is
[heir Home, vehicle and mobile. Giving prime importance to the security
of these assets Micro Technologies has taken this initiative. These
securely lips will be of great importance lo various associations,
societies and mandals who can publicise these safety tips to the
devotees and citizens. Any user can log on to
http://www.micriotechnologies.net/news media/security tips.aspx and can
get the details of Safety and Security Measures.
Micro Technologies launched the Enhanced Quality Testing Standards for
Software. The process has been initiated and inaugurated by the
honorable guest, R. Subburaj, senior director. Electronics Regional Test
Laboratory, on the occasion of the Independence Day. Micro Technologies
being an IT based company, have more than 190 products in Hardware and
Software Security segment with application of software at various
levels. To provide highly upgraded service to the end customer and to
retain the trust factor, it`s necessary to keep up the expectation of
the quality of product al different stages. Hence to bestow the quality
and authenticity of its software products. Micro Technologies has
launched The Enhanced Quality Software Testing standards. This Enhanced
Quality Testing Standards for Software will be more accurate and will
eliminate software testing, problems to a very high level. It will also
slash support costs up to 50% and alive the sabot condiment.
-------------------------------------
Ur valuable comments & suggestions are welcomed. Interested clients may cal me on 9894523386/9843974524. For news on market levels, market updates & calls you may add urself to my yahoo messenger id vk83_03@yahoo.co.in. U may also reffer this blog to ur friends/relatives if ur satisfied.
ALL MY MARKET INFORMATIONS & CALLS OR FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT...........
Have a Happy Trade.......
Pritish Nandy Communications has announced that Harshawardhan Sabale,
independent director of the company has resigned from the board of the
company with effect from 31 August 2009.
------------------------------
Gayatri Projects to allot equity shares
The board meeting of Gayatri Projects will be held on 08 September 2009
for considering the allotment of 10,00,000 equity shares of Rs 10 each
at a premium of Rs 175 per share on preferential basis to Reliance
Capital Trustee- Reliance Infrastructure Fund.
------------------------------
Ind Tra Deco to allot equity shares
The board of Ind Tra Deco has decided to create, issue and allot
6,40,00,000 equity shares of Re 1 each for cash at par aggregating to
Rs. 6,40,00,000 to various entities including promoter group companies
on preferential allotment basis to generate long term resources for
implementing future growth plans and to strengthen the company`s
financial position.
------------------------------
Sql Star International to issue shares
The members of Sql Star International have passed resolutions with
unanimous majority to issue of shares on preferential basis and issue of
share warrants on a preferential basis.
------------------------------
Manappuram General Finance & Leasing appoints additional director
Manappuram General Finance & Leasing has announced that the company has
received approval from the Ministry of Corporate Affairs, Delhi, for
increasing the number of directors from 12 to 15. Accordingly the
company has appointed B. N. Raveendra Babu as additional director with
effect from 17 August 2009.
------------------------------
Banswara Syntex allots warrants
The board of Banswara Syntex has allotted 16,50,000 warrants to the
persons other than promoter, these warrants entitle the holders to apply
for and obtain allotment of one equity shares of the face value of Rs 10
each at a premium of Rs 31 per warrant (equity share).
------------------------------
Sankhya Infotech to allot warrants
The board of Sankhya Infotech has approved to increase in the Authorized
Share Capital from Rs 15 crore to Rs 18 crore with an addition of Rs
3.00 crore and also have passed the resolution to allot 40,50,000
warrants to the promoters and their associates as per the prevailing
regulations.
The board has also given its consent for merger of Talent Sprint,
Hyderabad headed by Santanu Paul for stock swap deal into Sankhya
InfoTech.
Further the board has considered the appointment of Santanu Paul as the
whole time director. Santanu Paul would also function as the president
and CEO of the company with immediate effect. the board has also
approved the appointment of Madhu Murthy as executive vice president of
the company with immediate effect.
The company has delisted its shares from Bhubaneswar Stock Exchange,
Orissa and has considered to allot 5% of share capital for ESOP subject
to the guidelines.
------------------------------
MSP Steel & Power to raise funds
The board of MSP Steel & Power has decided to issue, offer and allot
redeemable preference shares for an amount not exceeding Rs
1,20,00,00,000 subject to the approval of the shareholders in general
meeting and the amounts raised by this issue will be utilized for
expansion projects of the company.
Further it has been decided to increase the authorised share capital of
the company subject to the approval of the shareholders of the company
from Rs 60,00,00,000 dividend into 6,00,00,000 equity shares of Rs 10
each to Rs 75,00,00,000 divided into 6,00,00,000 equity shares of Rs 10
each and 1,50,00,000 redeemable preference shares of Rs 10 each by
creation of 1,50,00,000 new redeemable preference shares of Rs 10 each.
------------------------------
Glory Polyfilms to raise funds
The board of Glory Polyfilms has decided to issue and allot in one or
more tranches in the domestic / international markets offering to
Domestic / Foreign Investor / Institutional Investors / Foreign
Institutional Investors, Non-Resident Indians Companies or Bodies
Corporate whether incorporated in India or abroad, Trusts, Mutual Funds,
QIBs, equity shares and / or equity shares through GDRs and / or ADRs
and / or FCCBs and / or any securities convertible into equity shares at
the option of the company and / or holder(s) of the securities and / or
securities linked to equity shares and / or securities with warrants
including any instrument or securities representing either equity shares
and / or Foreign Currency Convertible Bonds or Convertible Securities or
securities linked to equity shares or securities with equity shares /
fully convertible debentures / partly convertible debentures or any
securities for an amount not exceeding in US$25 million.
-------------------------------
Kingfisher Airlines to raise funds
The board of Kingfisher Airlines has passed an enabling resolution for
an additional fund raising through various instruments including GDRs,
upto an amount of US $ 100 million.
It was also consequentially decided to seek the approval of the
shareholders for increase in authorised share capital of the company
from Rs 500 crore to Rs 1000 crore.
--------------------------------
Multiplus Holdings to increase authorised capital
The board meeting of Multiplus Holdings will be held on 11 September
2009 to consider the increase in authorised capital of the company.
--------------------------------
BASF`s director resigns
The board of BASF India has accepted the resignation of K R Coorlawala
who tendered his resignation vide his letter dated 21 August 2009 as
independent director from the board.
---------------------------------
Allied Digital Services issues equity shares
The board of Allied Digital Services, a leading Indian, Enterprise IT
infrastructure management services has approved sub-division of the
equity shares of face value of Rs 10 each into two equity shares of Rs 5
each and issue of 100,000 equity share warrants on a preferential basis
to Bennett, Colemen & Company (BCCL).
The board has also approved issue of securities to QIB pursuant to the
Qualified Institutional Placement (QIP Issue) for a value equivalent up
to US$ 50 million. The Board also recommended payment of final dividend
of 20% per share to the shareholders of the company. The board took on
record the audited results for the year ended March 2009.
--------------------------------
Oriental Bank of Commerce appoints MD & chairman
Union Bank of India has announced that the Central Government after
consultation with the Reserve Bank of India has appointed T Y Prabhu,
executive director of Union Bank of India as chairman and managing
director of Oriental Bank of Commerce with effect from 27 August 2009.
--------------------------------
Maytas Infra appoints directors
The board of Maytas Infra by an order dated 05 March 2009 passed by the
company law board, K. Ramalingam, Ved Jain, O. P. Vaish and Anil K.
Agarwal were appointed by the Central Government as directors of the
company on behalf of the company Law Board. The Govermnet directors have
since held discussions with the stakeholders of the company to discuss
the present state of affairs of the Company and the way forward.
--------------------------------
Supreme Infrastructure receives new work orders from Ramprashta
Promoters
Supreme Infrastructure India has announced that the company has awarded
new work orders from Ramprashta Promoters & Developers for construction
of Multistoried `Edge Towers` complex at Ramprastha City in sector 37-D,
Gurgaon, Haryana.
The scope of the work will involve construction of 15 towers consisting
of basement and 20 storied apartments named as Edge Towers. The project
will be completed with in 36 months from the date commencement of the
project, 01 September 2009. The total cost of the project is Rs
2363175000 2363175000 excluding of works contract tax,
service tax and labour cess
-----------------------------
Hon`ble High Court approves scheme of arrangement
Vallabh Steels has announced that the company had earlier decided to
hive off its Sponge Iron Unit in the State of Jharkhand subject to
necessary consent and approval for which 01 March 2006 has been fixed as
the appointed date. The said scheme of arrangement has been approved by
the Hon`ble Punjab & Haryana High Court at Chandigarh which shall become
effective with the filling of a certified copy of the orders of Hon`ble
High Court with the Registrar of Companies at Jalandhar. The company has
compiled the Annual Accounts for the financial year ended 31 March 2009
pertaining to the units remaining with the company after hiving off
Sponge Iron Unit.
----------------------------
Rishabhdev Technocable to issue warrants
The members of Rishabhdev Technocable have accorded to issue of
30,00,000 fully convertible equity warrants to the promoters, Sunil B
Golechha (5,00,000), Kamal Chand B Golechha (5,00,000) and Bhanwal Lal
Golechha (20,00,000).
----------------------------
REI Six Ten Retail to raise funds
The board of REI Six Ten Retail has given in principle approval of issue
of share warrants up to Rs 100 crore.
The board has also approved to increase in authorized capital from Rs.
35.69 crore to Rs 50 crore.
----------------------------
Ind Swift Laboratories allots equity shares
The board of Ind Swift Laboratories has allotted 6,37,000 equity shares
of Rs 10 each at a premium of Rs 60 per share to promoters group upon
the conversion of 6,37,000 zero coupon optionally convertible warrants
(series 2008).
----------------------------
Bodal Chemicals to raise funds
The board of Bodal Chemicals has decided to raise funds through issue of
equity shares/FCCBs/securities with or without detachable warrants with
exercisable right by the warrant holders to convert or subscribe to
equity shares and/or such other securities including convertible debt
securities for an amount not exceeding Rs. 60 crore or its equivalent in
any foreign currency either through preferential issue and/or QIP and/or
private placement and/or public issue and/or any other option for
raising of funds for the company.
-----------------------------
Kiri Dyes and Chemicals to raise funds
The board of Kiri Dyes and Chemicals has decided to raise fund to the
tune of Rs 250 crore by way of QIPs / FCCB / GDR etc. for expansion of
existing Dyes Intermediates Facilities, diversification project for
Ethanol & its derivatives and acquisition of one or more companies in
India or abroad.
------------------------------
ONGC acquires stimulation vessel for Mumbai offshore
The board of Oil & Natural Gas Corporation has approved the acquisition
of a new stimulation vessel equipped with state-of-the-art technologies
for Mumbai Offshore at an estimated cost of Rs 764.1 crore, with FE
component of US$150 million and Rs 14.18 crore. The new Stimulation
Vessel will increase the productivity of oil and gas wells by removing
the drilling induced damage, increasing the effective well bore radius
and changing the flow regime into the well bore.
Presently Well stimulation jobs are done by Samudra Nidhi, the only
Stimulation vessel owned by ONGC. The new vessel will not only augment
the stimulation jobs but will gradually replace Samudra Nidhi in a
phased manner. The vessel will be procured through Lump Sum Turnkey
(LSTK) contract.
The company has also announced New Discovery in West Tripura PEL Block,
Assam & Assam Arakan Basin, Exploratory well Sundalbari-4 drilled in
West Tripura PEL Block of A&AA Basin to a depth of 3400m flowed gas from
the interval 2164-2168m at the rate of 1,60,000 m3/d. The gas contains
upto 96.3% Methane. This is a new pool discovery in Upper Bhuban
Formation in a separate fault closure. This discovery has opened up a
new reservoir for further exploration within the Sundalbari area and has
also proved the extension of the field as a whole.
The board noted the renewal of insurance cover for ONGC directors and
company secretary for the year 2009-10 effective from 10 June 2009. The
insurance cover limit of Rs 100 crore is to cover any personal liability
arising to directors and company secretary of ONGC and its subsidiaries
in discharge of their official responsibilities.
ONGC approved the combined development of clusters of two Western
Offshore Fields; namely B-22 cluster (comprised of B-22, BS-12, BS-13 &
B-149 marginal fields) and B-193 cluster (comprised of B-193, B-172,
B-178, B-179, B-180, B-28A, B-23A & B-28) at an estimated cost of Rs.
8554.26 crore with FE component of US$ 1697.27 million. The idea of
combining two projects by way of offloading the process requirement and
related facilities, erstwhile considered to be taken up separately,
would amount to a savings of about US $133 million.The project is
scheduled to be completed by March 2012, and the cumulative hydrocarbon
production from this combined project is estimated at over 21.5 million
tonne of oil and oil equivalent gas over the next 15 years. While the
gas production will commence by 2011, oil production is to begin by
2012.
-----------------------------------
Hiran Orgochem to raise funds
The board of Hiran Orgochem has proposal to issue all or any of the
instruments, equity shares / warrants / FCCBs / PCDs / OCDs / FCDs, GDRs
/ ADRs / bonds / any other equity related instruments with or without
warrants in aggregate upto Rs 75,00,00,000 for cash or equivalent to
cash in Indian and / or any other currency (ies) in one or more tranches
to Indian / foreign / resident / non-resident investors.
-------------------------------
Subex enables real time business optimization with Rocware 2.0
Subex, a leading global provider of operations and business support
systems (OSS / BSS) has released Rocware 2.0 for communication service
providers (CSP5) to assist them with revenue protection, cost management
and assured operations. Rocware 2.0 is a key component of the ROC
(Revenue Operations Center) - a concept the company pioneered almost
three years ago.
Rocware provides subscriber-centric revenue, cost and margin visibility
with a unique real-time mechanism to study the financial impact of
operational changes on profitability. This is lacking in CSP
environments as most OSS / BSS today exist and operate in silos thereby
leading to un-correlated and massively under-utilized data within the
service provider`s operational infrastructure. As data and analytics are
only as good as the processes and systems that generate them, Rocware
enables CSPs to assure not just revenue, but operational processes as
well. It creates a direct link between operations and profitability by
serving as a platform that seamlessly brings together traditionally
disparate systems for assurance, audit, controls and governance. This
provides an end-to-end view of operations, eliminating silos, and helps
CSPs to monitor, control and optimize the business more
efficiently.Rocware delivers pro-active operational intelligence and
actionable insights, leading to improved customer experience. It
includes data collection, aggregation, analytics and presentation, while
searr integrating with other OSS / BSS products (Subex, in-house and
third-party) and other enterprise functions such as CRM, ERR and BI.
Rocware is the solutions platform enabling pragmatic evolution to a ROC
that delivers Business Optimization in the most pragmatic and
non-disruptive manner.
---------------------------------
Bajaj Hindusthan to import raw sugar
Bajaj Hindusthan has announced that in addition to contracts for import
of raw sugar aggregating to around 3 lakh MT executed earlier, the
company has executed further contracts for import of raw sugar
aggregating to around 4 lakh MT for processing / refining the same into
white sugar at its sugar plants during the forthcoming sugar season
2009-2010.
The company is in the process of making arrangements to modify its
Bagasse-fired Boilers at three of its units to Bagasse/Coal-fired
Boilers to meet its a power requirements in this regard. Consequently,
including the processing/refining of the raw sugar aggregating to 7 lakh
MT into white sugar, the sugar production of the company during the
forthcoming sugar season 2009-2010 is expected to be around 1.4 million
MT.
---------------------------------
Capital Packaging acquires shares
Freshtrop Fruits has announced that Capital Packaging on 27 August 2009
has acquired 410 shares. After this acquisition their total holding in
the company is increased from 1,931,908 shares representing 19.23% to
1,932,318 shares representing 19.236%.
----------------------------------
Deep Industries allots warrants
Deep Industries has announced that the company had made preferential
allotment of 35,00,000 convertible warrants of Rs 58 each aggregating to
Rs 20,30,00,000 on 11 August 2009 to Prabhavati Properties (17,50,000)
and Kanvel Finance (17,50,000).
----------------------------------
Syndicate Bank appoints MD & chairman
Syndicate Bank has announced that the Central Government has on 31
August 2009 in consultation with the Reserve Bank of India has appointed
Basant Seth as chairman and managing director (MD) of the bank for a
period upto 29 February 2012, the date of his superannuation or until
further orders whichever is earlier.
-----------------------------------
Maytas Infra receives proposal from IL&FS Financial services
The board of Maytas Infra had received a proposal from IL&FS Financial
Services to enhance its ownership in the company and substitute the
promoter of the company by acquiring management control of the company.
By an order dated 31 August 2009, the CLB based on an application by the
Maytas Infra (MIL) board has instructed to induct ILFS as new promoters
and allowing them to assume management control through appointment of 4
directors including the chairman. The board of MIL have taken into
record the company law board order and have initiated necessary steps
towards implementation of such order.
------------------------------------
Deep Industries receives letter of award from ONGC
Deep Industries has announced that the company has obtained letter of
award from ONGC, Ahmedabad Asset for hiring the services of compression
of natural gas at Ramol GGS for Ahmedabad Asset approximately value of
contract aggregating to Rs 77.50 million. The location is Ramol GGS.
------------------------------------
Navneet Publications to increase authorised share capital
The members of Navneet Publications India have accordedto increase in
authorised share capital.
The members have also accorded to declaration of bonus equity shares in
the ratio of 3:2
-------------------------------------
Geodesic`s board approves acquisition of a company
The board of Geodesic has approved the acquisition of a company in the
space of Communication and Social Networking with offices globally.
-------------------------------------
Dollex Industries enters into MOU with Madhya Pradesh Government
Dollex Industries has announced that the company enters in a memorandum
of understanding (MoU) with Madhya Pradesh Government to establish an
integrated Agro Energy Complex consisting of ethanol, power and sugar
with an investment of 105 crore.
With continuous demand in Sugar Industry after many years company is
negotiating for acquiring sugar unit of 2500 TCD in Madhya Pradesh. Upon
the acquisition the company will set up a distillery and power
generation unit.
The company has taken an initiative to mechanise the Sugar harvesting.
Company has already acquired Cane thumpers to cut the cane and cane
loaders for loading the cut cane in to trucks. Cane thumper can cut
around 40 metric ton of Sugarcane in 7 hours, manually to cut the same
quantity of cane it takes around 24 hours. Similarly cane loader will
load a truck of 10 metric ton in around half an hour which manually
takes around 4.5 hours. The need of mechanized form of cutting and
loading the cane was felt by the industry due to scarcity of labour.
Automation of these processes helps the company in solving the ongoing
labour problems.
------------------------------------
Parsvnath Developers develops integrated township in Rohtak
Parsvnath Developers (PDL), one of India`s leading real estate and
infrastructure companies having completed nineteen glorious years
recently and has to its distinction, completion of 37 projects
comprising of 11.23 million sq. ft in total and is further executing 42
million sq ft. on a fast track has received the letter of intent (LoI)
for grant of licence from director, Town and Country Planning, Haryana,
Chandigarh for developing approximately 118 acres of integrated township
in Sector 33 A, Rohtak, Haryana.
The sector 33 A Rohtak, is adjoining mega development of Haryana State
Industrial and Infrastructure Development Corporation (HSIIDC) on NH 10
where Industrial Model Township (IMT) is being developed by Haryana
Government. Also major industrial units like Asian Paints, Maruti Suzuki
(for developing hi-tech R&D complex) footwear Design & Development
Institute (FDDI) etc. have already started their development, It is
pertinent to note that it will be PDL`s first residential offering in
Rohtak.
The project with a realization value of approximately Rs 700 crore will
have approximately 4 million sq. ft. of saleable area and would comprise
of plots, affordable homes, row houses, independent villas shopping,
commercial along with school, dispensary etc. It is pertinent to note
that the company acquired 118 acres land, fully paid and has complete
possession of the land. The company intends to start the development,
construction and marketing activities soon after receiving all the
approvals and completing all necessary formalities of obtaining the
licence.
------------------------------------
Cairn starts oil production in Rajasthan
Cairn India has started production from the world class Mangala Field in
Rajasthan. Mangala is the largest of 25 discoveries made by Cairn in the
Barmer Basin in block RJ-ON-90/1. The Mangala field was dedicated to the
nation by the Hon`ble Prime Minister of India, Manmohan Singh at the
Mangala Processing Terminal, Barmer, Rajasthan in an inauguration
ceremony attended by Central and State Government officials.
First oil was evacuated via trucking to the Gujarat coast for onward
transport to MRPL, one of the Government nominated buyers, using a
heated crude oil tanker. The oil production will gradually ramp up to a
peak production of 175,000 barrels of oil per day over the next two
years. At this point, oil production from Rajasthan oil fields will
account for over 20% of India`s domestic oil production. Among those
present at the event were dignitaries including the Chief Minister of
Rajasthan, Ashok Gehlot, the Union Minister for Petroleum and Natural
Gas (P&NG) Murli Deora, Minister of State for Petroleum and Natural Gas
Jitin Prasada, the Member of Parliament for Barmer Harish Chaudhary, the
Minister of State for Mines, Environment and Forest, Government of
Rajasthan Ram Lal Jat, Secretary (P&NG) R S Pandey, directorate General
of Hydrocarbons V K Sibal and Chairman and Managing Director of ONGC R S
Sharma. Cairn was represented by Sir Bill Gammell, Chairman, Cairn India
and Rahul Dhir, Managing Director and CEO, Cairn India.
Cairn India, the Operator of the Rajasthan block, holds a 70 percent
participating interest with ONGC, its joint venture partner, holding the
balance of 30 percent. The joint venture has already invested
approximately US$ 2 billion in the Rajasthan project and has plans to
invest a further US$ 1.8 billion by 2011 making it one of the largest
onshore oil and gas projects in India. The GoI has nominated MRPL, IOC
and HPCL for the initial offtake quantities from the Rajasthan block for
the period 2009-10 and 2010-11 and the commercial terms and pricing
negotiations have been concluded with IOC and MRPL.
The pricing agreed with MRPL and IOC for the initial volumes of crude
from Mangala represent a 10-15% discount to Brent on the basis of prices
prevailing for the six months to June 2009. This is subject to GoI
approval.
------------------------------------
Micro Technologies enters into strategic agreement with Numerical Data
Micro Technologies enters into strategic agreement with Numerical
Data, a firm based in Netherlands worth 3 million US$. Micro
Technologies would offer it`s welt tested varied ranges of products for
vehicle, mobile security and tracking, premises security including other
products to Numerical Data with technical support. Numerical Data would
create Dealers Network and would give sale and after-sale support to its
dealers. After rigorous market research Numerical Data chose exclusive
range of Micro Products in terms of advanced technology and market
viability.
Giving prime importance to the CSR (Corporate Social Responsibility)
activities, Micro Technologies has taken an initiative to spread
awareness of basic Safety and Security Measures to avoid the unexpected
events during This festive season and make their festival livelier. One
of the major assets today people possess and are concerned about is
[heir Home, vehicle and mobile. Giving prime importance to the security
of these assets Micro Technologies has taken this initiative. These
securely lips will be of great importance lo various associations,
societies and mandals who can publicise these safety tips to the
devotees and citizens. Any user can log on to
http://www.micriotechnologies.net/news media/security tips.aspx and can
get the details of Safety and Security Measures.
Micro Technologies launched the Enhanced Quality Testing Standards for
Software. The process has been initiated and inaugurated by the
honorable guest, R. Subburaj, senior director. Electronics Regional Test
Laboratory, on the occasion of the Independence Day. Micro Technologies
being an IT based company, have more than 190 products in Hardware and
Software Security segment with application of software at various
levels. To provide highly upgraded service to the end customer and to
retain the trust factor, it`s necessary to keep up the expectation of
the quality of product al different stages. Hence to bestow the quality
and authenticity of its software products. Micro Technologies has
launched The Enhanced Quality Software Testing standards. This Enhanced
Quality Testing Standards for Software will be more accurate and will
eliminate software testing, problems to a very high level. It will also
slash support costs up to 50% and alive the sabot condiment.
-------------------------------------
Ur valuable comments & suggestions are welcomed. Interested clients may cal me on 9894523386/9843974524. For news on market levels, market updates & calls you may add urself to my yahoo messenger id vk83_03@yahoo.co.in. U may also reffer this blog to ur friends/relatives if ur satisfied.
ALL MY MARKET INFORMATIONS & CALLS OR FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT...........
Have a Happy Trade.......
Sunday, August 30, 2009
Profit with Phoenix as on 31/08/2009
Dear All,
I hope Nifty(Fut) to be week & also open week due to the supports of Global markets.
STRAITS -60 points. DOW - 36, HANGSENG -353, NIKKEI -13, SHANGHAI - 153.
Even after Nifty(Fut) has closed above 4723 as said by me today Global markets are week & our close was also near the closing bell where Nifty(Fut) has closed @ 4737.80. Lets wait & watch the game of Nifty today. If Nifty(Fut) breaks 4751/4773 levels with gud supports in volume, we may have a positive rally. Traders long on Nifty(Fut) & other positions keep ur SL @ 4623 levels for todays trading trend. 4573 level shall be the SL for long term carry over on Nifty.
Todays Nifty(Fut) trading levels:
Base: 4695
Res: 4715/4726/4735/4755
Mid Res: 4711/4721/4725/4745
Supp: 4706/4675/4655/4635
Mid Supp: 4701/4691/4665/4645
Ur valuable comments & suggestions are welcomed. Interested clients may cal me on 9894523386/9843974524. For news on market levels, market updates & calls you may add urself to my yahoo messenger id vk83_03@yahoo.co.in. U may also reffer this blog to ur friends/relatives if ur satisfied.
ALL MY MARKET INFORMATIONS & CALLS OR FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT...........
Have a Happy Trade.......
I hope Nifty(Fut) to be week & also open week due to the supports of Global markets.
STRAITS -60 points. DOW - 36, HANGSENG -353, NIKKEI -13, SHANGHAI - 153.
Even after Nifty(Fut) has closed above 4723 as said by me today Global markets are week & our close was also near the closing bell where Nifty(Fut) has closed @ 4737.80. Lets wait & watch the game of Nifty today. If Nifty(Fut) breaks 4751/4773 levels with gud supports in volume, we may have a positive rally. Traders long on Nifty(Fut) & other positions keep ur SL @ 4623 levels for todays trading trend. 4573 level shall be the SL for long term carry over on Nifty.
Todays Nifty(Fut) trading levels:
Base: 4695
Res: 4715/4726/4735/4755
Mid Res: 4711/4721/4725/4745
Supp: 4706/4675/4655/4635
Mid Supp: 4701/4691/4665/4645
Ur valuable comments & suggestions are welcomed. Interested clients may cal me on 9894523386/9843974524. For news on market levels, market updates & calls you may add urself to my yahoo messenger id vk83_03@yahoo.co.in. U may also reffer this blog to ur friends/relatives if ur satisfied.
ALL MY MARKET INFORMATIONS & CALLS OR FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT...........
Have a Happy Trade.......
Thursday, August 27, 2009
Profit with Phoenix as on 28/08/2009
Dear All,
As written earlier if Nifty(Fut) sustains above 4712/4723 with a opening above 4699 with gud volume we may expect a possitive market today. If not Nifty has to run back till 4612/4573 levels. Supports from Global markets are not strong, this may also be a factor to bring down our market either at the opening bell or at later hours of the market.
Todays Nifty(Fut) Trading levels:
Base: 4699
Res: 4711/4734/4769/4805
Mid Res: 4705/4723/4752/4787
Supp: 4676/4664/4629/4594
Mid Supp: 4688/4670/4646/4594
1) Buy Hotel Leela @ 32.50 SL 29 Tgt 45/50/55/60..(Mid term delivery call)
2) Buy Om metal @ 26 SL 18 tgt 50,70,80 (6-8 months)
Ur valuable comments & suggestions are welcomed. Interested clients may cal me on 9894523386/9843974524. For news on market levels, market updates & calls you may add urself to my yahoo messenger id vk83_03@yahoo.co.in. U may also reffer this blog to ur friends/relatives if ur satisfied.
ALL MY MARKET INFORMATIONS & CALLS OR FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT...........
Have a Happy Trade.......
As written earlier if Nifty(Fut) sustains above 4712/4723 with a opening above 4699 with gud volume we may expect a possitive market today. If not Nifty has to run back till 4612/4573 levels. Supports from Global markets are not strong, this may also be a factor to bring down our market either at the opening bell or at later hours of the market.
Todays Nifty(Fut) Trading levels:
Base: 4699
Res: 4711/4734/4769/4805
Mid Res: 4705/4723/4752/4787
Supp: 4676/4664/4629/4594
Mid Supp: 4688/4670/4646/4594
1) Buy Hotel Leela @ 32.50 SL 29 Tgt 45/50/55/60..(Mid term delivery call)
2) Buy Om metal @ 26 SL 18 tgt 50,70,80 (6-8 months)
Ur valuable comments & suggestions are welcomed. Interested clients may cal me on 9894523386/9843974524. For news on market levels, market updates & calls you may add urself to my yahoo messenger id vk83_03@yahoo.co.in. U may also reffer this blog to ur friends/relatives if ur satisfied.
ALL MY MARKET INFORMATIONS & CALLS OR FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT...........
Have a Happy Trade.......
Profit with Phoenix as on 27/08/2009
Dear All,
Hope all enjoy my Nifty(Fut) trading levels, today as said market has closed at my level 4673/4686 levels. But closing bell cannot be compared for the sustainity of volume on market. Lets check if todays Global markets closing are positive & our market opens above 4699 & sustains above 4712 levels with gud volume, we shall have a positive ralley till 4723/4767/4797 levels. Lets wait & watch the game of Nifty.
My short term Pick cal given @ 12.10am today: Vishal retail has closed @ 66.95 cal given @ 64 for a tgt of 100 +++++.
1) Buy NRB Bearing around 54-55 SL 49 Tgt 70-75 (1 Month)
Ur valuable comments & suggestions are welcomed. Interested clients may cal me on 9894523386/9843974524. For news on market levels, market updates & calls you may add urself to my yahoo messenger id vk83_03@yahoo.co.in. U may also reffer this blog to ur friends/relatives if ur satisfied.
Have a Happy Trade.......
Hope all enjoy my Nifty(Fut) trading levels, today as said market has closed at my level 4673/4686 levels. But closing bell cannot be compared for the sustainity of volume on market. Lets check if todays Global markets closing are positive & our market opens above 4699 & sustains above 4712 levels with gud volume, we shall have a positive ralley till 4723/4767/4797 levels. Lets wait & watch the game of Nifty.
My short term Pick cal given @ 12.10am today: Vishal retail has closed @ 66.95 cal given @ 64 for a tgt of 100 +++++.
1) Buy NRB Bearing around 54-55 SL 49 Tgt 70-75 (1 Month)
Ur valuable comments & suggestions are welcomed. Interested clients may cal me on 9894523386/9843974524. For news on market levels, market updates & calls you may add urself to my yahoo messenger id vk83_03@yahoo.co.in. U may also reffer this blog to ur friends/relatives if ur satisfied.
Have a Happy Trade.......
Profit with Phoenix as on 27/08/2009
Dear All,
The below mentioned counters loosk strong for a short term delivery pick, intrested clients may invest in these counters;
1) Buy Vishal retail @ 64 SL 54 Tgt 100+++++++(6 Months).
2) Buy TV18 @ 112 for a Tgt of 145+++++++(6 Months).
3) Buy RNRL @ 86 for a Tgt of 104+++++++(3 Months).
4) Buy Chambel Fertilizers @ 50 for a Tgt of 68++++(3 Months).
Ur valuable comments & suggestions are welcomed. Interested clients may call me on 9894523386/9843974524. U may add my yahoo messenger id vk83_03@yahoo.co.in for market news, calls & updates. U may also suggest my blog to ur friends/relatives if ur satisfied.
ALL MY MARKET INFORMATIONS & CALLS OR FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT...........
Have a Happy Trade...........
The below mentioned counters loosk strong for a short term delivery pick, intrested clients may invest in these counters;
1) Buy Vishal retail @ 64 SL 54 Tgt 100+++++++(6 Months).
2) Buy TV18 @ 112 for a Tgt of 145+++++++(6 Months).
3) Buy RNRL @ 86 for a Tgt of 104+++++++(3 Months).
4) Buy Chambel Fertilizers @ 50 for a Tgt of 68++++(3 Months).
Ur valuable comments & suggestions are welcomed. Interested clients may call me on 9894523386/9843974524. U may add my yahoo messenger id vk83_03@yahoo.co.in for market news, calls & updates. U may also suggest my blog to ur friends/relatives if ur satisfied.
ALL MY MARKET INFORMATIONS & CALLS OR FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT...........
Have a Happy Trade...........
Wednesday, August 26, 2009
Profit with Phoenix as on 27/08/2009
Dear All,
Market expected to open a bit negative today as per the indicated of the Global markets, Trade voltality due to expiry. As per my earlier blogs Nifty(Fut) has crossed 4673/4686 levels but still yesterdays close was below 4686, i hope this might also be an important resistance for market to survive with gud volume to travel on to next levels. We may still expect a bull run unless market breaks 4512 levels with gud support on volumes. Clients are requested to book profit as these levels, others may trial their SL for more profits.
Home sales surged up by 9.6 percent in July.
Looking Ahead:- The Commerce Department will releale GDP report and weekly jobs report.
Light sweet crude for October is US$71.43 a barrel.
CASHSEGMENT: FII (NETSELLING) : 378cr. Mutual Fund (NETBUYING) :128cr.,
DERIVATIVES:- FII in INDEX FUTURE : (NETBUYING) 179cr. Stock future (NETBUYING) : 20cr.
Todays Nifty(Fut) trading levels:
Base: 4669
Res: 4684/4688/4706/4725
Mid Res: 4677/4686/4697/4716
Supp: 4666/4651/4632/4614
Mid Supp: 4667/4658/4642/4623
Ur valuable comments & suggestions are welcomed. Interested clients may call me on 9894523386/9843974524. U may add my yahoo messenger id vk83_03@yahoo.co.in for market news, calls & updates. U may also suggest my blog to ur friends/relatives if ur satisfied.
ALL MY MARKET INFORMATIONS & CALLS OR FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT...........
Have a Happy Trade.............
Market expected to open a bit negative today as per the indicated of the Global markets, Trade voltality due to expiry. As per my earlier blogs Nifty(Fut) has crossed 4673/4686 levels but still yesterdays close was below 4686, i hope this might also be an important resistance for market to survive with gud volume to travel on to next levels. We may still expect a bull run unless market breaks 4512 levels with gud support on volumes. Clients are requested to book profit as these levels, others may trial their SL for more profits.
Home sales surged up by 9.6 percent in July.
Looking Ahead:- The Commerce Department will releale GDP report and weekly jobs report.
Light sweet crude for October is US$71.43 a barrel.
CASHSEGMENT: FII (NETSELLING) : 378cr. Mutual Fund (NETBUYING) :128cr.,
DERIVATIVES:- FII in INDEX FUTURE : (NETBUYING) 179cr. Stock future (NETBUYING) : 20cr.
Todays Nifty(Fut) trading levels:
Base: 4669
Res: 4684/4688/4706/4725
Mid Res: 4677/4686/4697/4716
Supp: 4666/4651/4632/4614
Mid Supp: 4667/4658/4642/4623
Ur valuable comments & suggestions are welcomed. Interested clients may call me on 9894523386/9843974524. U may add my yahoo messenger id vk83_03@yahoo.co.in for market news, calls & updates. U may also suggest my blog to ur friends/relatives if ur satisfied.
ALL MY MARKET INFORMATIONS & CALLS OR FREE OF COST THAT U RECEIVE THROUGH BLOG. U MAY REFFER PEOPLES TO ENJOY IT...........
Have a Happy Trade.............
Tuesday, August 25, 2009
Profit with Pheonix as on 26/08/2009
Dear All,
Nifty 4700 call buy @ 25 given on 18.08.09 for a tgt of Rs.75/- now trading @ 37, Clients who hold it yet are requested to book full profit at this level since the contract closes tomorrow. It made a high of 47-52 on previous trading segments......
10.20 AM: Sell nifty @ 4686 for a Tgt of 4665 SL 4712........ - Tgt achieved Profit Rs.21/- per lot.
Ur valuable comments & suggestions are welcomed. Interested clients may call me on 9894523386/9843974524. U may add my yahoo messenger id vk83_03@yahoo.co.in for market news, calls & updates. U may also suggest my blog to ur friends/relatives if ur satisfied.
Have a Happy Trade.............
Nifty 4700 call buy @ 25 given on 18.08.09 for a tgt of Rs.75/- now trading @ 37, Clients who hold it yet are requested to book full profit at this level since the contract closes tomorrow. It made a high of 47-52 on previous trading segments......
10.20 AM: Sell nifty @ 4686 for a Tgt of 4665 SL 4712........ - Tgt achieved Profit Rs.21/- per lot.
Ur valuable comments & suggestions are welcomed. Interested clients may call me on 9894523386/9843974524. U may add my yahoo messenger id vk83_03@yahoo.co.in for market news, calls & updates. U may also suggest my blog to ur friends/relatives if ur satisfied.
Have a Happy Trade.............
Profit with Pheonix as on 26/08/2009
Dear All,
Nifty expected to open positive today as per the supports of Global markets, since Nifty spot & Nifty(Fut) has not closed above 4673 levels we may still expect a negative trend. If Nifty(Fut) sustains above 4673/4686 levels with gud volume, market shall further start its journey towards 4723/4767/4799 levels. In case of Market to open/travel negative on later hours after opening bell, we may expect a fall till 4573/4512 levels.
Todays Nifty(Fut) Trading levels:
Base: 4670
Res: 4673/4685/4701/4717
Mid Res: 4671/4679/4685/4709
Supp: 4657/4654/4638/4622
Mid Supp: 4663/4655/4646/4630
Hope all enjoyed my Nifty(fut) buy/sell calls yesterday. (Given calls can be viewed on my yesterdays blog)
Ur valuable comments & suggestions are welcomed. Interested clients may call me on 9894523386/9843974524. U may add my yahoo messenger id vk83_03@yahoo.co.in for market news, calls & updates. U may also suggest my blog to ur friends/relatives if ur satisfied.
Have a Happy Trade.............
Nifty expected to open positive today as per the supports of Global markets, since Nifty spot & Nifty(Fut) has not closed above 4673 levels we may still expect a negative trend. If Nifty(Fut) sustains above 4673/4686 levels with gud volume, market shall further start its journey towards 4723/4767/4799 levels. In case of Market to open/travel negative on later hours after opening bell, we may expect a fall till 4573/4512 levels.
Todays Nifty(Fut) Trading levels:
Base: 4670
Res: 4673/4685/4701/4717
Mid Res: 4671/4679/4685/4709
Supp: 4657/4654/4638/4622
Mid Supp: 4663/4655/4646/4630
Hope all enjoyed my Nifty(fut) buy/sell calls yesterday. (Given calls can be viewed on my yesterdays blog)
Ur valuable comments & suggestions are welcomed. Interested clients may call me on 9894523386/9843974524. U may add my yahoo messenger id vk83_03@yahoo.co.in for market news, calls & updates. U may also suggest my blog to ur friends/relatives if ur satisfied.
Have a Happy Trade.............
Monday, August 24, 2009
Profit with Pheonix as on 25/08/2009
Dear All,
Hope all enjoyed my calls on Nifty(Fut) today.
10:37 AM: Buy Nifty(Fut) @ 4636 for a tgt of 4654 SL 4615... - SL Hit Loss Rs.21/- per lot
11.01 AM: Sell Nifty(Fut) @ 4621 for a tgt of 4591 SL 4654... - Tgt achieved Profit Rs.30/- per lot
12:33 PM: Sell Nifty(Fut) @ 4670 for a tgt of 4650 SL 4654... - Tgt achieved Profit Rs.20/- per lot
Net Profit for the Day Rs.29/-.
Nifty as said today Morning expected to be week,market expected to fall if it breaks 4573 levels till 4512 levels today & if crosses 4673/4686 levels with gud volume it may travell till 4723/4753 levels.
Hope all enjoyed my calls on Nifty(Fut) today.
10:37 AM: Buy Nifty(Fut) @ 4636 for a tgt of 4654 SL 4615... - SL Hit Loss Rs.21/- per lot
11.01 AM: Sell Nifty(Fut) @ 4621 for a tgt of 4591 SL 4654... - Tgt achieved Profit Rs.30/- per lot
12:33 PM: Sell Nifty(Fut) @ 4670 for a tgt of 4650 SL 4654... - Tgt achieved Profit Rs.20/- per lot
Net Profit for the Day Rs.29/-.
Nifty as said today Morning expected to be week,market expected to fall if it breaks 4573 levels till 4512 levels today & if crosses 4673/4686 levels with gud volume it may travell till 4723/4753 levels.
Profit with Pheonix as on 25/08/2009
Dear All,
Hope all enjoyed my Nifty(fut) buy call yesterday. Our call was Buy Nifty(Fut) @ 4610-4612 levels for a tgt of 4623/4640 levels, all had a gap of Rs.30/- per lot so profit was Rs.1500/- per lot.
As said on my earlier blog, Nifty expected to open negative today, we may expect a positive closing if Nifty(Fut) sustains above 4673/4686 levels. Market expected till 4573/4512 levels today.
Todays Nifty(Fut) Trading levels:
Base: 4635
Res: 4666/4680/4724/4769
Mid Res: 4650/4673/4702/4746
Supp: 4621/4591/4547/4502
Mid Supp: 4628/4606/4569/4524
Ur valuable comments & suggestions are welcomed. Interested clients may call me on 9894523386/9843974524. U may add my yahoo messenger id vk83_03@yahoo.co.in for market news, calls & updates.
Have a Happy Trade.............
Hope all enjoyed my Nifty(fut) buy call yesterday. Our call was Buy Nifty(Fut) @ 4610-4612 levels for a tgt of 4623/4640 levels, all had a gap of Rs.30/- per lot so profit was Rs.1500/- per lot.
As said on my earlier blog, Nifty expected to open negative today, we may expect a positive closing if Nifty(Fut) sustains above 4673/4686 levels. Market expected till 4573/4512 levels today.
Todays Nifty(Fut) Trading levels:
Base: 4635
Res: 4666/4680/4724/4769
Mid Res: 4650/4673/4702/4746
Supp: 4621/4591/4547/4502
Mid Supp: 4628/4606/4569/4524
Ur valuable comments & suggestions are welcomed. Interested clients may call me on 9894523386/9843974524. U may add my yahoo messenger id vk83_03@yahoo.co.in for market news, calls & updates.
Have a Happy Trade.............
Sunday, August 23, 2009
Profit with Pheonix as on 24/08/2009
Dear All,
Market seems to be more positive & Volatile today. Clients may exit their long positions today, move ur profit SL for more Profits. I expect market to be week tomorrow.
Todays Nifty trading levels:
Nifty (Fut):
Base: 4583
Res: 4576/4615/4648/4681
Mid Res: 4579/4596/4632/4665
Supp: 4543/4550/4517/4484
Mid Supp: 4563/4546/4533/4500
Risky Tradres: Buy Nifty @ 4610-4612 levels for a tgt of 4623/4640 levels sl 4586.30.....
Ur valuable comments & suggestions are welcomed, Intersted clients may comtact me on 9894523386/9843974524. For more market news & market calls clients may add urself with my yahoo messenger id vk83_03@yahoo.co.in.
Market seems to be more positive & Volatile today. Clients may exit their long positions today, move ur profit SL for more Profits. I expect market to be week tomorrow.
Todays Nifty trading levels:
Nifty (Fut):
Base: 4583
Res: 4576/4615/4648/4681
Mid Res: 4579/4596/4632/4665
Supp: 4543/4550/4517/4484
Mid Supp: 4563/4546/4533/4500
Risky Tradres: Buy Nifty @ 4610-4612 levels for a tgt of 4623/4640 levels sl 4586.30.....
Ur valuable comments & suggestions are welcomed, Intersted clients may comtact me on 9894523386/9843974524. For more market news & market calls clients may add urself with my yahoo messenger id vk83_03@yahoo.co.in.
Friday, August 21, 2009
Profit with Phoenix as on 21/08/2009
Dear All,
The Nifty sell cal given by me today got its SL hit @ 4434. But the sell cal give @ 4412 came down till 4399 & gave a gap of Rs.13/-. By the later hours of market the SL was hit, i had written that Nifty shall be strong above 4487 so clients who went long above 4487 might have booked profit @ my resistance 4514 & above levels.
I hope the market to be week on Tuesday. Nifty has closed strong above 4523 levels, this shall be a gud support for a upside rally. We may expect a run way on nifty till 4673 levels. But if the global markets are going to be week we may again come down for my past levels.(Past levels shall be gothrough from the blog).
Ur valuable comments & suggestiona are welcomed, Investors/Traders can call me on 9894523386/9843974524 redarding market informations & doubts.
The Nifty sell cal given by me today got its SL hit @ 4434. But the sell cal give @ 4412 came down till 4399 & gave a gap of Rs.13/-. By the later hours of market the SL was hit, i had written that Nifty shall be strong above 4487 so clients who went long above 4487 might have booked profit @ my resistance 4514 & above levels.
I hope the market to be week on Tuesday. Nifty has closed strong above 4523 levels, this shall be a gud support for a upside rally. We may expect a run way on nifty till 4673 levels. But if the global markets are going to be week we may again come down for my past levels.(Past levels shall be gothrough from the blog).
Ur valuable comments & suggestiona are welcomed, Investors/Traders can call me on 9894523386/9843974524 redarding market informations & doubts.
Thursday, August 20, 2009
Profit with Phoenix as on 21/08/2009
Dear All,
Market has opened negative along with the run way with global markets. Unless Nifty(Fut) sustains above 4487 we may not expect a possitive rally from here, but not sure about the fall on nifty.
Riskey Traders: Sell Nifty @ 4412 for a Tgt of 4392/4390/4386 sl 4434....
Todays levels for Nifty(Fut) to trade with are:
Nifty(Fut): Base: 4428
Res: 4456/4463/4485/4514
Mid Res: 4442/4456/4471/4499
Supp: 4428/4400/4372/4343
Mid Supp: 4428/4414/4386/4357
I am really happy on the comments i receive over phone on my blog. I request you to share it in the blog so that others may also know it.
Ur Valuable comments & suggestions are welcomed to serve you all much better.
U may cal me on 9894523386/9843974524
Market has opened negative along with the run way with global markets. Unless Nifty(Fut) sustains above 4487 we may not expect a possitive rally from here, but not sure about the fall on nifty.
Riskey Traders: Sell Nifty @ 4412 for a Tgt of 4392/4390/4386 sl 4434....
Todays levels for Nifty(Fut) to trade with are:
Nifty(Fut): Base: 4428
Res: 4456/4463/4485/4514
Mid Res: 4442/4456/4471/4499
Supp: 4428/4400/4372/4343
Mid Supp: 4428/4414/4386/4357
I am really happy on the comments i receive over phone on my blog. I request you to share it in the blog so that others may also know it.
Ur Valuable comments & suggestions are welcomed to serve you all much better.
U may cal me on 9894523386/9843974524
Profit with Phoenix as on 20/08/2009
Dear All,
I hope all have enjoyed my Nifty buy call with a gap of 30 points. (Nifty Buy @ 4372 tgt of 4502 achieved), Nifty made a high of 4504.
But still then Nifty seems to be week since it has closed below 4487. I expect a range bound market open tomorrow also. Clients who hold nifty long shall keep a strict SL of 4323 levels.
Ur valuable comments & suggestions are welcomed. Intrested clients may cal me on 9894523386/9843974524.
I hope all have enjoyed my Nifty buy call with a gap of 30 points. (Nifty Buy @ 4372 tgt of 4502 achieved), Nifty made a high of 4504.
But still then Nifty seems to be week since it has closed below 4487. I expect a range bound market open tomorrow also. Clients who hold nifty long shall keep a strict SL of 4323 levels.
Ur valuable comments & suggestions are welcomed. Intrested clients may cal me on 9894523386/9843974524.
Wednesday, August 19, 2009
Profit with Phoenix as on 20/08/2009
Dear All,
Market has opened possitive along with the run way with global markets. Since Nifty(Fut) has sustained above 4423 we may expect a possitive rally from here, but not sure about the fall on nifty.
Riskey Traders: Buy Nifty @ 4472 for a Tgt of 4492/4502/4510 sl 4434....:-bd
Todays levels for Nifty(Fut) to trade with are:
Nifty(Fut): Base: 4435
Res: 4429/4472/4510/4547
Mid Res: 4432/4451/4491/4528
Supp: 4392/4398/4360/4323
Mid Supp: 4413/4395/4379/4342
I am really happy on the comments i receive over phone on my blog. I request you to share it in the blog so that others may also know it.
Ur Valuable comments & suggestions are welcomed to serve you all much better.
U may cal me on 9894523386/9843974524
Market has opened possitive along with the run way with global markets. Since Nifty(Fut) has sustained above 4423 we may expect a possitive rally from here, but not sure about the fall on nifty.
Riskey Traders: Buy Nifty @ 4472 for a Tgt of 4492/4502/4510 sl 4434....:-bd
Todays levels for Nifty(Fut) to trade with are:
Nifty(Fut): Base: 4435
Res: 4429/4472/4510/4547
Mid Res: 4432/4451/4491/4528
Supp: 4392/4398/4360/4323
Mid Supp: 4413/4395/4379/4342
I am really happy on the comments i receive over phone on my blog. I request you to share it in the blog so that others may also know it.
Ur Valuable comments & suggestions are welcomed to serve you all much better.
U may cal me on 9894523386/9843974524
Tuesday, August 18, 2009
Profit with Phoenix as on 19/08/2009
Dear All,
Market seems to be week, we dont have a gud support from the global markets too. Netural points with Nifty & Sensex is still week. We may fall further to meet supports with 4200/4045/3900...... Tradres are requested to follow strict SL with their positions. If this week is going to end with negative points the next 3-5 weeks close shall be negative, that may further bring nifty till 4100/3900 levels.
Todays trend with Nifty shall be volatile:
Nifty(Fut) : Base: 4433
Res: 4492/4530/4626/4722
Mid Res: 4462/4511/4578/4674
Supp: 4395/4337/4240/4144
Mid Supp: 4414/4366/4289/4192
Ur valuable comments & suggestions are welcomed.
Market seems to be week, we dont have a gud support from the global markets too. Netural points with Nifty & Sensex is still week. We may fall further to meet supports with 4200/4045/3900...... Tradres are requested to follow strict SL with their positions. If this week is going to end with negative points the next 3-5 weeks close shall be negative, that may further bring nifty till 4100/3900 levels.
Todays trend with Nifty shall be volatile:
Nifty(Fut) : Base: 4433
Res: 4492/4530/4626/4722
Mid Res: 4462/4511/4578/4674
Supp: 4395/4337/4240/4144
Mid Supp: 4414/4366/4289/4192
Ur valuable comments & suggestions are welcomed.
Profit with Phoenix as on 18/08/2009
Dear All,
Research call: Buy FSL cmp 34 for a short term delivery tgt of 40/44/47/50....
Risket traders: Buy & hold 4700 Aug cal @ 25 for a tgt of 75/90......
Research call: Buy FSL cmp 34 for a short term delivery tgt of 40/44/47/50....
Risket traders: Buy & hold 4700 Aug cal @ 25 for a tgt of 75/90......
Monday, August 17, 2009
Profit with Phoenix as on 18/08/2009
Dear All,
As Nifty(Fut) has made a new high with later hours in market breaking 4400/4402 & now @ 4450, market levels for Nifty intraday traings are updated below now,
Nifty(Fut): Base: 4395
Res: 4427/4481/4569/4657
Mid Res: 4410/4454/4525/4613
Supp: 4339/4305/4217/4130
Mid Supp: 4366/4322/4261/4173
Hope all enjoy trading much better with my levels, comments from clients on their profit with my Nifty levels make me more happy. Ur valuable comments & suggestions shall make me more comfortable to serve you much better. Intrested client may contact me on 9894523386/9843974524.
As Nifty(Fut) has made a new high with later hours in market breaking 4400/4402 & now @ 4450, market levels for Nifty intraday traings are updated below now,
Nifty(Fut): Base: 4395
Res: 4427/4481/4569/4657
Mid Res: 4410/4454/4525/4613
Supp: 4339/4305/4217/4130
Mid Supp: 4366/4322/4261/4173
Hope all enjoy trading much better with my levels, comments from clients on their profit with my Nifty levels make me more happy. Ur valuable comments & suggestions shall make me more comfortable to serve you much better. Intrested client may contact me on 9894523386/9843974524.
Profit with Phoenix as on 18/08/2009
Dear All,
As written earlier market have started to fall on Monday, we may now expect a recovery from the current level till 4487 levels. We may expect a fall in Nifty by later days which is now already on its track, lets wait to see where the fall ends? My levels for a correction expected ends @ 3900.
I here by mention the levels for trading with Nifty on Intraday today,
Nifty(Fut): Base: 4378
Res: 4396/4420/4461/4503
Mid Res: 4387/4408/4441/4482
Supp: 4354/4336/4294/4252
Mid Supp: 4366/4345/4315/4273
I welcome ur valuable comments & suggestions to serve you much better, pls post ur comments on the comments coloum, intrested people may cal me on 9894523386/9843974524.
As written earlier market have started to fall on Monday, we may now expect a recovery from the current level till 4487 levels. We may expect a fall in Nifty by later days which is now already on its track, lets wait to see where the fall ends? My levels for a correction expected ends @ 3900.
I here by mention the levels for trading with Nifty on Intraday today,
Nifty(Fut): Base: 4378
Res: 4396/4420/4461/4503
Mid Res: 4387/4408/4441/4482
Supp: 4354/4336/4294/4252
Mid Supp: 4366/4345/4315/4273
I welcome ur valuable comments & suggestions to serve you much better, pls post ur comments on the comments coloum, intrested people may cal me on 9894523386/9843974524.
Profit with Phoenix as on 17/08/2009
Dear All,
If Nifty(Fut) is going to break todays last support 4420 given mrg we may further move down gradually with 4379/4339/4299/4259......
If Nifty(Fut) is going to break todays last support 4420 given mrg we may further move down gradually with 4379/4339/4299/4259......
Sunday, August 16, 2009
Profit with Phoenix as on 17/08/2009
Dear All,
As written earlier market had a recovery on friday, we expected a fall in Nifty by later days which is now started, lets wait to see where the fall ends? My levels for a correction expected ends @ 3900. I here by mention the levels for trading with Nifty on Intraday today,
Nifty(Fut):
Base: 4516
Res: 4561/4548/4580/4612
Mid Res: 4539/4555/4564/4596
Supp: 4529/4484/4452/4420
Mid Supp: 4523/4507/4468/4436
I welcome ur valuable comments & suggestions to serve you much better, pls post ur comments on the comments coloum, intrested people may cal me on 9894523386/9843974524.
As written earlier market had a recovery on friday, we expected a fall in Nifty by later days which is now started, lets wait to see where the fall ends? My levels for a correction expected ends @ 3900. I here by mention the levels for trading with Nifty on Intraday today,
Nifty(Fut):
Base: 4516
Res: 4561/4548/4580/4612
Mid Res: 4539/4555/4564/4596
Supp: 4529/4484/4452/4420
Mid Supp: 4523/4507/4468/4436
I welcome ur valuable comments & suggestions to serve you much better, pls post ur comments on the comments coloum, intrested people may cal me on 9894523386/9843974524.
Friday, August 14, 2009
Profit with Phoenix as on 14/08/2009
Dear All,
Nifty as written had a down fall & again pulled up, but still trend today is showing weekness if nifty breaks my last support 4524 it may run down breaking the wall till 4483/4456 & 4423 levels. Riskey traders may hold their long positions with a SL range of 4423 levels, i expect market to be possitive on Tuesday if closes week today. But make sure ur strict SL must be @ 4423 for ur long positions.
I welcome ur valuable comments & suggestions to serve you much better, pls post ur comments on the comments coloum, intrested people may cal me on 9894523386/9843974524.
Nifty as written had a down fall & again pulled up, but still trend today is showing weekness if nifty breaks my last support 4524 it may run down breaking the wall till 4483/4456 & 4423 levels. Riskey traders may hold their long positions with a SL range of 4423 levels, i expect market to be possitive on Tuesday if closes week today. But make sure ur strict SL must be @ 4423 for ur long positions.
I welcome ur valuable comments & suggestions to serve you much better, pls post ur comments on the comments coloum, intrested people may cal me on 9894523386/9843974524.
Thursday, August 13, 2009
Profit with Phoenix as on 14/08/2009
Dear All,
Nifty has opened week on todays opening bell, butstill i expect a gradual recovery with market today. But overall market seems to be week where by correction expected till 4200-4000-3900 levels in a month or two.
Nifty(Fut): Base: 4598
Res: 4617/4623/4648/4673
Mid Res Points: 4608/4620/4635/4660
Supp: 4592/4573/4549/4524
Mid Supp Points: 4595/4583/4561/4536
Clients may use this nifty levels for ur intraday trading Mid points may help you as SL levels towards ur long & short positions.
Ur valuable comments & suggestions are welcomed.
Nifty has opened week on todays opening bell, butstill i expect a gradual recovery with market today. But overall market seems to be week where by correction expected till 4200-4000-3900 levels in a month or two.
Nifty(Fut): Base: 4598
Res: 4617/4623/4648/4673
Mid Res Points: 4608/4620/4635/4660
Supp: 4592/4573/4549/4524
Mid Supp Points: 4595/4583/4561/4536
Clients may use this nifty levels for ur intraday trading Mid points may help you as SL levels towards ur long & short positions.
Ur valuable comments & suggestions are welcomed.
Profit with Phoenix as on 13/08/2009
Dear All,
Hope all have booked ur profits with 4700 cal given yesterday. Nifty has crossed all resistance given now, we may expect Nifty(Fut) further to move in a stable direction as 4611/4642/4673/4704...today. But still then i expect a small dip till 4523 levels from the current level 4576........, lets wait & watch.
Ur valuable comments & suggestions are welocmed.....
Hope all have booked ur profits with 4700 cal given yesterday. Nifty has crossed all resistance given now, we may expect Nifty(Fut) further to move in a stable direction as 4611/4642/4673/4704...today. But still then i expect a small dip till 4523 levels from the current level 4576........, lets wait & watch.
Ur valuable comments & suggestions are welocmed.....
Wednesday, August 12, 2009
Profit with Phoenix as on 13/08/2009
Nifty as said yesterday has opened strong,
Clients who had taken 4700 call as said yesterday @ 40-42 ranges can book ur profit @ 62-64 ranges today, others may place a profit SL & carry on for more profit.
Nifty(Fut): Base: 4512
Res: 4496/4533/4554/4575
Mid Res Points: 4504/4515/4544/4565
Supp: 4475/4491/4469/4448
Mid Supp Points: 4493/4483/4480/4459
Clients may use this nifty levels for ur intraday trading Mid points may help you as SL levels towards ur long & short positions.
Ur valuable comments & suggestions are welcomed.
Clients who had taken 4700 call as said yesterday @ 40-42 ranges can book ur profit @ 62-64 ranges today, others may place a profit SL & carry on for more profit.
Nifty(Fut): Base: 4512
Res: 4496/4533/4554/4575
Mid Res Points: 4504/4515/4544/4565
Supp: 4475/4491/4469/4448
Mid Supp Points: 4493/4483/4480/4459
Clients may use this nifty levels for ur intraday trading Mid points may help you as SL levels towards ur long & short positions.
Ur valuable comments & suggestions are welcomed.
Profit with Phoenix as on 12/08/2009
Dear All,
Hope all have enjoyed my news today. The 4700 call option buy given came down till 30.50 & has finally closed @ 46.75, i am sure it shall hit its Tgt tomorrow. I may give my nifty levels after market opens before 10.30. Ur comments & suggestions are welcomed to make me more active. Intrested Clients/Tradres/Investores may contact me on 9894523386 / 9843974524 on all days regarding investments on Shares/Bonds/MF & Insurance(Health,Life,General).
Regards,
R.Venkadesh
Hope all have enjoyed my news today. The 4700 call option buy given came down till 30.50 & has finally closed @ 46.75, i am sure it shall hit its Tgt tomorrow. I may give my nifty levels after market opens before 10.30. Ur comments & suggestions are welcomed to make me more active. Intrested Clients/Tradres/Investores may contact me on 9894523386 / 9843974524 on all days regarding investments on Shares/Bonds/MF & Insurance(Health,Life,General).
Regards,
R.Venkadesh
Tuesday, August 11, 2009
Profit with Phoenix as on 12/08/2009
Nifty (Fut):
Base Point: 4432.30
Resistance: 4445/4454/4456/4459/4465/4476/4487/4498
Support: 4437/4434/4423/4410/4399/4388/4376/4365
Buy Nifty 4700 call @ 40-42 levels for a TGT of 57-63.
Nifty looks strong on today market, any way we may further expect a fall in the market by later hours or next week. People may follow the current levels mentioned to trade with nifty for intraday. Always follow strict SL in market. Have a Happy Trade :-bd.
Base Point: 4432.30
Resistance: 4445/4454/4456/4459/4465/4476/4487/4498
Support: 4437/4434/4423/4410/4399/4388/4376/4365
Buy Nifty 4700 call @ 40-42 levels for a TGT of 57-63.
Nifty looks strong on today market, any way we may further expect a fall in the market by later hours or next week. People may follow the current levels mentioned to trade with nifty for intraday. Always follow strict SL in market. Have a Happy Trade :-bd.
Monday, August 10, 2009
Profit with Pheonix as on 11/08/2009
Nifty (Fut): Base: 4511
Res: 4514/4517/4535/4554/4575/4596/4618/4639
Supp: 4493/4474/4471/4468/4447/4425/4404/4382
Res: 4514/4517/4535/4554/4575/4596/4618/4639
Supp: 4493/4474/4471/4468/4447/4425/4404/4382
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