CENTRAL BANK OF INDIA IPO

Report on Central Bank Of India click and download
http://rapidshare.com/files/44379537/centralbank-ipo_note-200707.pdf

HDIL

Report on HDIL ipo by ANGEL BROKING
http://rapidshare.com/files/39971834/hdil_-ipo_note.pdf

REPORTS

reprt on TCS by INDIABULLS
http://rapidshare.com/files/39877190/TCS___India_bulls.pdf

report on ALSTOM PROJECTS by INDIABULLS
http://rapidshare.com/files/39877397/Alstom_Projects___India_bulls.pdf

REPORT ON SPICE IPO DOWNLOAD NOW!
http://rapidshare.com/files/38919525/Spice-IPO-220607-1.pdf

EXCLUSIVE!

ICICI FPO
http://rapidshare.com/files/38357028/icici_bank_-_fpo_note.pdf

ABG SHIPYARD
http://rapidshare.com/files/38356559/abg_shipyard-_ruq4fy2007.pdf

ELECON ENG
http://rapidshare.com/files/38356698/elecon_engineering_-_ruq4fy2007.pdf

50 percent upside STRIDES

report on STRIDES follow the link and download your copy right now!
http://rapidshare.com/files/37950097/strides_50__upside.pdf

-RuLeS-

These are some of the trading rules which are universally valid for stock trading. Take a print out and nail it on your desk.

Rules:

Never risk more than 10% of your trading capital in a single trade.
Always use stop loss orders.( Here you should know your loss you can give in a situation where the trade starts going against you.)
Never do overtrading.
Never let a profit run into a loss.
Don't enter a trade if you are unsure of the trend.
When in doubt, get out, and don't get in when in doubt.
Only trade active markets.
Distribute your risks equally among different markets.
Never limit your orders. Trade at the markets.
Extra monies from successful trades should be placed in a separate account.
Never trade to scalp a profit.
Never average a loss.
Never get out of the market because you have lost patience, or get in because you are anxiously waiting.
Avoid taking small profits and large losses.
Never cancel a stop loss after you have placed it.
Avoid getting in and out of the market too soon.
Be willing to make money from both sides of the market.
Never buy or sell just because the price is low or high.
Never hedge a losing position.
Never change your position without a good reason.
Avoid trading after long periods of success or failure.
Don't try to guess tops or bottoms.
Don't follow a blind man's advice.
Avoid getting in wrong and out wrong; or getting in right and out wrong. This is making a double mistake.
When you lose don't blame it on luck.

Theories of market

Popular stock market Investment Theories

There’s a myriad of broad based investment theories within which numerous investment strategies can be implemented. Here we will look at the rationale behind these theories and how they work. As you will see, some theories support the logic behind certain strategies, while other theories negate the possibility that a particular strategy will prove successful.

Efficient Market Theory

Contrary to technical analysis and value investing, the Efficient Market Theory contends that the investment markets are so efficient that all public information regarding a company or its stock gets immediately reflected in its stock price. Based on this premise, there exists no opportunity to discern future market trends or uncover hidden value situations. In other words, a truly efficient market makes it impossible to make trading profits through the use of publicly available investment information, no matter how recent. Since not all investors buy into the pure efficient market scenario, three different forms have developed over the years: the weak, semistrong, and strong hypothesis.

In the weak form, stock prices are assumed to reflect a randomness, with the next trading price likely to be up or down. Historical prices and patterns exert no influence whatsoever on future prices or price direction. While the weak form does admit the possibility of earning above-normal investment returns with a combination of trading strategies, it cannot be accomplished using past prices alone.

Also known as the Random Walk Theory, the weak form gained prominence in the 1960s in the wake of numerous research studies. Much of the work culminated in findings similar to the Brownian Motion Theory found in the physical sciences. Market price variances over time were considered independent of each other, just as minute particles suspended in solution moved independently of each other.

In 1973, Princeton professor Burton C. Malkiel gave Random Walk almost a cult status with his book A Random Walk Down Wall Street (W.W. Norton & Company, Inc. latest edition, 1990). Malkiel provides three characteristics of the efficient market. First of all, an efficient market responds very rapidly to new information. Second, since stock prices are assumed to reflect all available information, it is impossible for investors to use that information for beating the market. Third, investors can’t beat the market except by chance.

In essence, Malkiel claims that the market does not reward information, since it has already been discounted in the stock price, but it does reward risk-taking. Using this risk-taking strategy approach, Malkiel sets out several investment strategies, from out-of-favor stocks to small and neglected stocks.

The semistrong hypothesis says that stock prices accurately reflect all publicly available information regarding a company. All information regarding the firm’s balance sheet, earnings, dividends, etc., have already been taken into account in the company’s current market price. New information on companies, industries, the economy, and so on arrive in a random fashion; therefore, changes in stock market prices also take on a random pattern. It then follows that since the resulting changes in price occur randomly, investors cannot use the information to earn above average returns.

In the efficient market-strong form, no information, either public or private, can help investors consistently earn higher rates of return without assuming greater degrees of risk.

Others have modified the Efficient Market Theory to explain that random pricing does not have to imply the absence of any rational price formation. Under this version, stock market prices are determined by the firm’s earning power, market share, products, dividends, and other fundamental factors, but the randomness in pricing stems from investors’ inability to accurately forecast changes in those factors and their impact on stock prices rather than solely on the market’s efficiency in absorbing information.

This runs counter to the “dartboard mentality” (anyone picking stocks by throwing darts at the financial pages can outperform investors using systems or investment strategies) inherent in the efficient market hypothesis. However, over the years, many dart board portfolios have outperformed the professional money managers.

Whether you subscribe to the Efficient Market Theory in any of its forms or not will have an enormous impact on how you tackle the market.

Cybernetic Analysis

Jerry Felson offers an alternative to the efficient market theory in his book, Cybernetic Approach to Stock Market Analysis (Exposition Press, 1975) in order to bypass its perceived limitations and deficiencies.

According to Felson, the extreme complexity of the stock market and the environment in which it operates as well as inadequate investment tools hamper the investor from earning above-average investment returns.

Using cybernetics concepts (the science and control of communication, and mathematical analysis of the flow of information) and artificial intelligence (advanced cybernetics) techniques, Felson proposes developing judgmental decision-making processes by weighing evidence and formalizing investment analysis.

In plain language, the cybernetics approach automates the investment decision-making process through the use of pattern recognition, learning system theory, and other methods, removing the imperfect human factor and theoretically improving investment returns.

Felson stresses that no investment analysis can be very successful unless it conforms to the law of requisite variety. In other words, the investment decision system must be as complex and as variable as the system (stock market) which it is trying to interpret. According to Felson, this is where other investment systems fail.

While cybernetics cannot yet replace the human factor, it claims to offer better insight into investment analysis than otherwise available and to allow for the development of new investment techniques for superior performance.

Castle-in-the-Air Theory

The Castle-in-the-Air Theory ignores investment intrinsic values and looks to the interpretation and prediction of investor sentiments and actions in order to make their investment positions before the crowd. Lord Maynard Keynes, a respected economist and successful investor, expounded on the theory in 1936. He reported on how investors gravitated away from the hard work of determining intrinsic value to discern how the investing public will act in the future as they build ‘castles in the sky’ based on their hopes and dreams.

Instead of using investment valuation techniques, followers of this theory tried to divine the psychology of the market and where it was headed. It made no difference if a stock currently priced at $25 per share possessed intrinsic value of $30 per share if investors had a negative opinion of the company and their declining demand for the stock would drive its price down to the $20 per share level. Correctly anticipating that market sentiment and shorting the stock would be the proper investment move under the Castle-in-the-Air theory.

Examples of excess mass psychology upsetting all semblance of economic order and rational investment behavior range from the unprecedented surge in gold prices during 1980, when gold rose above $840 per ounce, to the Dutch tulip bulb panic in 1637. Understanding how the crowd thinks and reacts in both normal circumstances and panic situations can deliver a big edge to investors willing to study individual and crowd psychology in relation to the stock market. Market psychology and the herd instinct often play a leading, if not major role in the determination of stock prices and market direction.

Popular investment approaches that use investor psychology as a base include odd-lot theory, contrarian investing, consensus indicators, etc.

Some strategists have even gone so far as to classify investors into specific investment personalities. One such model considers investors falling into one of five classifications ranging from straight arrow to careful to confident to anxious to impetuous, based on personality characteristics such as exhibiting confidence, anxiety, or caution.

Knowing your own personality make-up and how it relates to the investment markets can also help improve your chances of success. Dr. Sully Blotnick, a research psychologist and author of business-related books, developed a profile of the successful investor. According to his theory, the most successful investors tend to concentrate their investments in a narrow range of investments or stocks. Contrary to popular opinion, concentration, not diversification, provides the success edge. Of course, you must balance the degree of risk you are willing to assume with the opportunity for greater returns.

Another trait of the successful investor is the ability to stick with their investment choices and let their profits run. On the other hand, unsuccessful investors tend to follow fads and sell out too soon. Finally, successful investors tend to invest in what they know, industries and companies with which they are already familiar.

Important

Do's & don'ts of Intraday Trading

It seemingly looks to be the simplest and the most rewarding. But in intraday trading one has to be very fast and quick and have to be on your toes always, so there are certain rules which one has to keep in mind.

• If index is in positive from yesterday and the share you are holding is in minus then it should be cut and if intraday trend of index is in buy then one should buy a stock in which is in plus.

• If index is in minus then one should look to short stocks which are minus and not stocks which are in plus.

• It is not necessary that a stock which is weak today during intraday trading might be weak tomorrow also, simultaneously if a stock is strong today might not be strong tomorrow.

• If US Markets have gone up overnight, the markets here in all probability will open strong, so one should be quite careful when buying stocks as the general psychology of public is to buy when good news is there.

• Being a contrarians is very important while trading intraday.

• Stop loss is a must while trading intraday.

• Always trade in very liquid stocks i.e. which have very high volume because as entry and exit can be very fast in such stocks.

• Do paper trading before you actually start trading so that when you start making paper profits, then shift to actual trading.

• Keep your volume constant e.g.: if you trade in five lots of nifty future then trade in five lots only. This position can be increased only when you are satisfied with your trading for a month. It should not be that one day you buy five lots and next day you trade in ten lots and third day you get a loss and stop trading for two days.

• Fear and Greed are at maximum levels while trading intraday so always have less position when you are new to intraday trading as otherwise you will be mostly under tension.

Results today : Ashok Leyland, Hindalco, HT Media, GE Shipping, Gujarat Alkalies, EID Parry, Gujarat State Fertilizers, Aro Granite, Century Enka, Tata Sponge, Uniphos Enterprises, Venky's, DCB, Kansai Nerolac, RS Software and The Tinplate Co.

Results Today: Kansai Nerolac, Century Enka, HDFC, RS Software, Century , Colgate , Info Edge, Aditya BirlaNuvo, Sonata, United Phos,Venkys, GTL Infra, IFCI, DCB, Coromandel Fert , Tata Sponge , Eicher Motors,Varun Shipping, Orchid,Uniphos Enter., Ennore

Results Today: HLL, Mphasis BFL, Amtek Auto, Andhra Bank, Bharat Electronics, CESC, Gateway Distriparks, Geometric Software, GHCL, GBN, Network 18, TV 18, Indiabulls Real Estate, JSW Steel and Triveni Engineering.

Results today:

Bharti, Ranbaxy, Cairn, Deccan Chronicle, Polaris, PTC, 3m India, Ador Welding, Ajanta Pharma, Alchemist, Alok Industries, AMD Metplast, Anant Raj Industries, Aptech, Container Corporation, Crisil, Dredging Corporation, Educomp Solutions, Era Constructions, GSK Consumer, GSK Pharma, HCL Infosystems, Hindustan Construction, Hyderabad Ind, Indo Tech Transformer, Jindal Saw, Jubilant Organosys, LT Overseas, Mahindra Ugine Steel, Malu Paper Mills, Media Video, Nagarjuna Fertiliser, Pantaloon Retail, Prime Securities, Raymond, Sirpur Paper Mills, Upper Ganges Sugar, UTV Software and Videocon Industries

reliance rersults

Reliance Industries has once again come out with surprising quaterly result wherein the company posted Q4 net profit of Rs 2853 crore versus Rs 2502 crore, up 20.3%, YoY.

Its Q4FY07 net turnover was at Rs 25895 crore versus Rs 24542 crore, YoY and the Q4 GRM hits USD 13/bbl versus USD 11.30/bbl in previous quarter of same fiscal. Its Q4 EPS was at Rs 20.50 and Q4 EBITDA Margin was at 18.1%.

The company posted refining margin in Q4 at 10.8% versus 8.2%, YoY. Its Petchem margin in the corresponding quarters were at 10.7% versus 12.1%, YoY. Q4 Petchem revenues for the company was up 48.2% at Rs 10,670 Crore and Refining revenues was also up 37.5% at Rs 29,069 crore. Its other expenditure in Q4 was at Rs 2434 crore versus Rs 3102 crore, YoY.

Results today: RIL, Cipla, ABB, Wockhardt, Azrecsoft, Nicholas Piramal, Firstsource, Akruti Nirman, Balrampur Chini, Deccan Aviation, Cadila, Marico, Sakthi Sugars, Hindustan Zinc, Strides, Adlabs Films, Accel Frontline, Adlabs Films, Bihar Caustics, Bilpower, Eastern Silk, Escorts, Fag Bearings, Foseco India, HEG, KPIT Cummins, Nissan Copper, SKF India, Suven Life Sciences, Vimta Labs and Infomedia India.

NIFTY VIEW

Market View :
NIFTY DAILY CHART
Source : Advance Get
Outlook for the day
As expected, NIFTY continued to trade with positive bias and is nearing the next psychological resistance
of 4200. The sectoral Indices are also holding up at higher levels which is a positive sign (except IT where
profit booking and in Metal where partial profit booking is advisable). Further, even the Mid-cap and
Small-cap stocks have witnessed participation in the recent rise and look promising for a further upside,
suggests that holding on to selective scrips in these sectors is advisable.
The coming trading session is expected to trade with positive bias and on the upside NIFTY may test 4180-
4200 levels, if it convincingly trades above 4160-4170 levels. NIFTY has immediate support at 4140-4130
levels which may be tested on profit booking. The short term investors are advised to be selective and hold
on to long positions.

calls for 26/04/07


Futures Trading Calls:

Buy Bank of Baroda if sustains above 242 for target 252 and 257.
Buy Century Textiles if sustains above 619 for target 630 and if remains above can go up till 680.
Buy Hindustan Constructions if sustains above 107.50 for target 114.
Buy Oriental Bank if sustains above 212 for target 230.

intra call for 24/04/07
Amtek India Limited range(151- 153) Target1 155.50 Target2 157 SL 149.50 Prajay Engineers range(250-253.50) Target1 257 Target2 259 SL 248

BUY UB GROUP (507458) SOLID SOLID STOCKSL 385 TGT 445-520 ONE MONTH 700+

add my yahoo id hirentherock@yahoo.com

A lot of events are scheduled in the forthcoming week, which is expected to swing the market either ways.The first and the most significant of those is the Reserve Bank of India (RBI)’s monetary policy. The central bank is expected to hold interest rates steady at its policy review on Tuesday (24 April), although analysts say tightening is not over yet and may decide to take steps to curb capital inflows that have been driving up the rupee. The central bank will also set out its forecasts for the year, including inflation and growth

For Long Term Investors, we are recommending – BUY / HOLD / ACCUMULATE – KIRLOSKAR OIL ENGINES at CMP Rs.263 with a target price of Rs.440 (12 months).

Results today: Wipro, Satyam, Gujarat Ambuja, IDBI, India Cement, Essel Propack, National Fertilizers, Kirloskar Brothers, Mysore Cements, Euro Ceramics, Exide Industries, KM Sugar Mills, LML, Merck, Sasken Communication, Shree Renuka Sugars, Sri Digvijay Cement, Tata Elxsi, Technocraft Industries, Zee News and Voltamp Transformers

HOT & FIERY...

Buy CORPORATION BANK Sl 302 Target 320-22

Results Today include ACC, Bartronics, Biocon, Garware Offshore, Kirloskar Brothers, MRF, Mukta Arts, Mysore Cements, Shiva Cement and Sterling Biotech. Expect stock specific action on these counters.

Source : Advance Get
Outlook for the day
NIFTY witnessed a volatile trading session (4040-4000) with positive bias. At current levels, a strong
buying force is required to pull the Indices beyond 4030-4040 levels and a decisive upmove is expected
above such levels. The sectoral Indices seem to display a mixed trend and hence holding on to long
positions with partial profit booking is advisable as a marginal correction at current levels ( after a
significant rise witnessed in the past two weeks ) cannot be ruled out.
The coming trading session is expected to trade in a broad range (3980 – 4040) and a further upmove upto
4065-4070 is expected if NIFTY convincingly trades above 4040 level. The immediate support for NIFTY
is at 3980-3970 level and a further downside upto 3950-3920 can be expected if it trades below such level.
The short term investors are advised to be selective in their approach.

Stock to Watch....

Buying Expected in COLGATE PAMOLIVE if Breaks 357

HOT & FIERY...

GRAB TITAN... GOOOOOOOD NEWS EXPECTED ANY MOMENT....

IPO Advise

Fortis:good fundamentals but high valuations.apply for long term gains only

indraprasth and Bhagwati not good fundamentals...operators may speculate in this counter...not worth applying for retail investors

Results today: Aban Offshore, Greaves Cotton, Gruh Finance, Infotech Enterprises, Plethico Pharma, Praj Industries, Prithvi Information, SEA Marine, Madras Aluminium, Sujana Metals and Sujana Universal

Strong BUY cairns india delivery call for target of 145+
just grab

short term calls/views

Buy crompton greaves tgt 220-24 sl 205

Buying Expected in Mphasis if breaks 293

Friday’s inflation data is important to get any clue about annual credit policy by RBI in next week. Sensex may trade in a narrow range of 13300 to 13650 up to Thursday.

Sensex is facing resistance around 13650 & 13800. If could not sustain above 13650, then may slide anywhere up to 13300. Mid & Small Caps might under-perform in a sliding market

HOT NEWS

TATA STEEL CONSIDERED AND APPROVED RIGHT ISSUE 1:5
ISSUE PRICE WILL BE 300RS

delivery calls for 1 week

Buy gujarat ambuja cmp 114 sl110 tgt 122+
Buy cairns india cmp 131 sl 125 tgt 145+

hello friends this is HIREN

Hello friends
welcome to my blog
this blog is all about indian stock market where i will provide informations and news about indian stock market.
hope you guys will enjoy the calls in the blog.

HIREN PADIA