MARKET RUMOUR

(8/21/2008 4:26:24 PM): BREAKING/INSIDER NEWS:

 Lot of shuffling plan in the Cabinet at Center. FM (P.Chidambaram) is being thrown out of Finance Ministry and he is moved to Home Ministry. Dr. Rangarajan (PM's Economic Committee) will become the new Finance Minister. Also, Mr. Murli Deora (Petroleum) is either shuffled or dropped from the Cabinet. News is expected to be released after tomorrow or next week. - According to strong insider sources, FM is exiting all his positions in the market in the last few days and seller today also. Inflation data today also is expected to be very high. Be cautious for tomorrow on LONG SIDE, market may face heavy selling pressure once this news gets confirmed.........

commodity market call

BOOK 70% PROFITS IN GOLD,SILVER,CRUDE.

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FII DATA

FII

21/08: -545.71 Cr. (Prov)

DII

21/08: 344.89 Cr. (Prov)

Headlines for the day

Corporate News Headline

SAIL has undertaken the work for enhancement of loading facilities at Bolani iron ore mines in Orissa with an investment of Rs. 1.2 bn. (BS)

Idea Cellular is planning to invest around Rs. 8 bn during the current financial year for its operations. (BS)

SBI is all set to enter into general insurance through foreign collaboration and is expected to finalise the terms for joint venture with Insurance Australia Group by next month. (BS)

    Economic and Political Headline
    The government may look into cutting down the existing tax incentives for boosting its revenues and controlling fiscal deficit. (BS)
    The Indian government decided to pay Rs. 540 bn in cash subsidies to fertiliser companies and has cleared the first tranches amounting to Rs. 220 bn. (ET)
    Freddie Mac was forced to offer unusually rich terms to investors in a USD 3 bn auction of its debt, raising a new concerns about the health of the mortgage giant, a vital prop for the US housing market. (WSJ).

Economic and Political Headline

The government may look into cutting down the existing tax incentives for boosting its revenues and controlling fiscal deficit. (BS)

The Indian government decided to pay Rs. 540 bn in cash subsidies to fertiliser companies and has cleared the first tranches amounting to Rs. 220 bn. (ET)

Freddie Mac was forced to offer unusually rich terms to investors in a USD 3 bn auction of its debt, raising a new concerns about the health of the mortgage giant, a vital prop for the US housing market. (WSJ)

Strong & Weak futures

This is list of 10 Strong Future Stocks:

AIA Eng., Strides Arcolab, Ansal Prop & Inf., Rolta, Polaris, Everest Kanto, Escorts, Balrampur, Bata & MPHASIS.

And this is the list of 10 Weak stocks ;

Housing Dev &In, NDTV, Rel. Com, Bombay Dyein, Amtek Auto, Aban, Bongaigaon, Infra Dev Fin, Moser Baer & Lanco Infra.

Nifty is in Down Trend.

Inflation spikes to 16-year high of 12.63%

The annual inflation rate surged to 12.63 per cent for the week ended August 9, from 12.44 per cent the previous week. Tea became costlier by two per cent and milk turned expensive by one per cent.

positional traders

EVEN FRESH SHORTS CAN BE MADE IN RPL,RELIANCE,BANKINDIA AND CARRY FOR TOMMOROW.
REST CARRY LEFTOVER PUTS AND SHORTS FOR TOMMOROW.

positional traders

EVEN FRESH SHORTS CAN BE MADE IN RPL,RELIANCE,BANKINDIA AND CARRY FOR TOMMOROW.
REST CARRY LEFTOVER PUTS AND SHORTS FOR TOMMOROW.

positional traders

HOLD RELIANCE,ITC BANKINDIA COMPLETELY.REST BOOK COMPLETE PROFITS IN EDUCOMP.BOOK 50% OF YOUR SHORTS IN RCAP,RINFRA,SAIL,NIFTY,NIFTY PUTS.

positional traders

HOLD RELIANCE,ITC BANKINDIA COMPLETELY.REST BOOK COMPLETE PROFITS IN EDUCOMP.BOOK 50% OF YOUR SHORTS IN RCAP,RINFRA,SAIL,NIFTY,NIFTY PUTS.

positional traders

HOLD RELIANCE,ITC BANKINDIA COMPLETELY.REST BOOK COMPLETE PROFITS IN EDUCOMP.BOOK 50% OF YOUR SHORTS IN RCAP,RINFRA,SAIL,NIFTY,NIFTY PUTS.

only positional traders

SELL ANOTHER 20% OF YOUR PUTS AT 200-210.REST CARRY 50% PUTS.NEAR 4280-4300 BOOK 50% PROFIT IN SHORTS OF YESTERDAY AND CARRY 50% + TODAY'S SHORT TILL TOMMOROW

sell only

NIFTY FUT: If downtrend continues then it will fall up to 4297.25-4299.25 zone. Rallies up to 4335.75 can be used to sell. SL at 4408.40 9843232381

CASH MARKET BUY

Cash Market Intra-Day: POLARIS (NSE Cash CMP 107.00) expected to go up. Buy with a Stop Loss of 105.00 level.

ONLY POSITIONAL TRADERS

YOU CAN BOOK PROFITS IN ONGC.YOU CAN BOOK PROFITS IN EDUCOM P NEAR 3220-3170 LEVELS AND BOOK PROFIT IN ONLY 30% OF YOUR NIFTY PUTS AT 180 TGT.CARRY REST SHORTS

sell sell sell

NIFTY FUT: If downtrend continues then it will fall up to 4326.30-4328.30 zone. Rallies up to 4364.80 can be used to sell. SL at 4408.40 level.

ONLY POSITIONAL TRADERS

SHORT RINFRA TGT 970,930.
SHORT SAIL TGT 144,141.
SHORT ICICI BANK TGT 650,630.
SHORT RPL TGT 155,151.
CARRY OLD SHORTS OF RELIANCE,RELCAP,BANKINDIA,NIFTY,ITC.

SELL INDEX

NIFTY FUT: Sell with a Stop Loss of 4408.40 level. Target at 4362.60-4364.60 zone.

gm!!!! The secret of staying young is to live honestly, eat slowly, and lie about your age..

NIFTY FUTURES (F & O)

Rally may continue up to 4450-4452 zone.

Support at 4415 & 4426 levels. Below these levels, expect profit booking up to 4392-4394 zone by non-stop.

Buy if touches 4370-4372 zone. Stop Loss at 4348-4350 zone. On Positive Side, if crosses & sustains at above 4472-4474 zone thenuptrend may continue.

Short-Term Investors:

Reversal (Positive) is seen. Avoid Short Selling at lower levels.Short-Term Upward Target at 4494-4496 zone. Short-Term Support at at 4326-4328 zone.

----------RELIANCE INDUSTRIAL INFRASTRUCTURE (NSE Cash):Likely to Zoom. Worry is that, yesterday's rise was suspicious and it would have been false signal.If crosses & sustains at above 1058 level then uptrend may continue.Support at 978 level. Should not be allowed to break at any cost.

ABB FUTURES (NSE): Likely to Zoom.Yesterday's rally might be false signal and have caution. If crosses & sustains at above 941 level then uptrend may continue.Support at 875 level. Should not be allowed to break at any cost.

----------The Dow Jones Industrial Average closed at 11,417.43. Up by 68.88 points.The Broader S&P 500 closed at 1,274.54. Up by 7.85 points.The Nasdaq Composite Index closed at 2,389.08. Up by 4.72 points.The partially convertible rupee ended at 43.70/72 per dollar on yesterday, weaker than Monday's close of 43.59/60.

---- Strong & Weak futures

This is list of 10 Strong Future Stocks: Rolta (l) Lt,Polaris Softwar,Ansal Prop & Inf,Aia Engineering,Network 18 Finca,Balrampur Ch,Nagarjuna Fertil, Chambal Fert,Deccan Aviation,Strides Arcolab

And this is the list of 10 Weak stocks ;

Ndtv Ltd,Housing Dev & In ,Amtek Auto Ltd,Aban Offshore L,Reliance commun,Bombay Dyein,Bharat Elect,Indin. Hotels,Sterling Biotech & Nucleus

---------SENSEXYESTERDAY Excellent show by bulls. Suspicion is that it would have been false signal. Expectation is that 50:50 chance for both bulls & bears.-------

good morning