Thursday 20 September 2012

Morning Bells (21 Sept 12)



Good Morning Friends,

Coins always make sound, but the currency notes are always silent. So when your value increases, keep yourself calm and silent. Think it for Stock Market.

So finally congress made it smartly. But you all were combing head for further, well nothing to worry at the moment, meaning next three months or so. In this instability SP may have a reason to sort of want early polls because of their recent win in UP but Mayawati doesn’t have any such reasons. And I have already cleared you after first M, second M can make match interesting but it wont affect any harm to Govt. soon, atleast till Nov. as told y’day, yes 3rd M will be a match lose or win affect.

The numbers as they stack up, show that with support of Mayawati the government could stay in place for a further period of time that is point one. So now possibility come to only somewhere in 2013 as Govt. can still remain in power for next 6 months even after minority.

Well now seems Govt. is all set to embark on ambitious reforms agenda despite severe political opposition.  Despite facing the heat over the hike in diesel prices and reforms now it seems govt. has decided to go ahead with some more reforms, according to FM PC’s statement. So after losing the support of TMC over the tough economic measures has decided to fast-track the disinvestment process.

Sources revealed that Govt. is likely to go ahead with insurance reforms next week and is expected that the FDI cap on insurance will be raised from 26 per cent to 49 per cent. Meanwhile, all FDI reforms announced earlier by the government have come into effect from Thursday.

PM is likely to make a statement on the diesel price hike and the reforms by the Govt. on Friday. Govt. has already cleared FDI in multi-brand retail, single-brand retail, and aviation, broadcasting and power exchanges last Friday.

Take a look on some of key reforms which Cabinet has approved last Friday - The Cabinet has allowed 51 per cent FDI in multi-brand retail, and permitted FDI, up to 100 per cent, in single-brand retail trading, subject to specified conditions.

Another major decision had approved FDI in aviation, allowing up to 49 per cent investment. The decision means that foreign airlines will now be allowed to invest as much as 49 per cent in the Indian carriers. However, this won't be automatic as the companies will have to get clearance from the ministry and FIPB.

But now I dont see Govt. can have courage to move forward with any further reforms after losing an ally on first attempt.

Market to remain choppy and market will remain pick-and-choose market.

MARKET OUTLOOK
Market was about to recover but first EU opened lower that stopped traders from risk trade ahead of Friday and secondly news about Mulayam Singh has came out that he’s finding third front possibility and left has supported him, market extended its loss. Market recovered 15 points after closing on pending orders. (One more tool to understand here, how fast system it was which executed orders within seconds)

I personally feels there is no threat to the Govt. at the moment and therefore sentiment is likely to be positive for the market.

NIFTY
PCR rose to 1.17 and Vix 18.62. Now resistance has come to Resistance 5585 - 5600- 5621 – 5650 and Supports has come 5550 – 5520 - 5490. So close below 5550 will favour bears in next few sessions.

Trend remain buy on dips till 5450 is not broken, it will be signal of trend changer

Opening seems flat and could be range bound till EU, so act as per momentum as its Friday, though some profit booking and unwinding has already taken place y’day but still would suggest to go for cautious approach.

STOCK OUTLOOK -

FDI in Aviation
Company looking for FDI need get clearance from the ministry and FIPB for it. Keep eye on KFA, Jet & Spice.

FDI in Retail -
Sentiment can boost after PM’s speak today.

Infra - Finance Minister P Chidambaram has proposed single window clearance under Prime Minister Manmohan Singh for infrastructure projects. Infra sector will remain in news for next few days.

Coal Blocks –
Coal India valuation seems attractive.

Banks – I see banks will perform good in near future ahead of CRR cut, drop in interest rate and festive season. One can keep eyes on SBI & ICICI bank.

DiD – Stock will remain in news & on buyers RADAR - Hindustan Copper, Oil India, Nalco, Neyveli Lignite, MMTC and Rail India Technical and Economical Services (RITES) due to IPO planning.

TM- Is very uncertain for me today. R 277 – 283 while S 266 – 261 – 256, if somehow TM falls to 256 will be good for further upswing else will remain in the range of 261-290.

Suzlon Energy - Company is into severe cash crunch, interest cost this company has not good, it paid around Rs 5 crore in the first quarter, operations have been pretty bad and there are no hopes of the operations being revived in the near future. - Rajesh Agarwal, Eastern Financiers, told CNBC TV18

OPEN CALLS

Cox&Kings - TG 148, SL 121 (R 133 – 139 S 129 - 127)

Nifty 5700CE – bought at 10 TG – will announce SL – For risk takers,

Happy Moment – Happy to got msgs from friends that they are earning well through various cues from M Bells. Y’day people earned in SBI call & Tata Steel Call. Cheers! Keep it up.

Note – One can also find Morning Bells at MudraGuru.blogspot.in (every time to find it on single click rather than to scroll here) One can also find live calls during market hours here.

Today’s MG Mantra
Just remember my opening quotation, mean is simple, if you have gained in market then need to have patience for next good position. Today’s gain could convert in to loss tomorrow.

Have a Profitable day – MG

Disclaimer – I have shared my view as per my limited knowledge; please use your own skills before making a wise decision.

37 comments:

  1. Sir, What level you think the NIFTY will end this month ???

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    1. Hi Pradeep, reason to reply late is simple, no chart no tech is working today. I think it will remain in the range of 5600-5750. Read MB on Monday will give u best idea.

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  2. "Y’day people earned in SBI call & Tata Steel Call. Cheers! Keep it up."

    Can you please clarify where and when did you make those calls? Thanks.

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    Replies
    1. typo error, reposting -
      plz have a look to last 5 M Bells (both stock outlook and comments sections) you will find reply to your query. My friends very well know I am not a fake data presenter like others. In SBI call ppl made 10 times (some ppl catch later and made 3-4 times), Tata Steel was suggested weak from 410 having TG 400. Be on board u will know our strength.

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    2. GM MG sir...I agree with you...You Rock...

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    3. No problem, MG, I was just wondering if I had missed anything. I know you are not a fake.

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    4. Sorry if it hurt u, have a look to recent call, 5700 Call its 2.5 times of buy price, normally my followers dont have too much money and thats I need to make call of low risk, else think I can even give same call of 5600 and think for profit. But I can't.

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    5. No, no, MG. it said that yesterday people earned in SBI/TS call, so I assumed you gave a call yesterday.

      I saw your call of SBI 2000 CE / 2050 CE 2-3 weeks back after I had got 2000 CE. So I have profited and I recognize and appreciate your genuineness.

      Many thanks.

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    6. Comment was not for my calls, it was about you all that now you are taking cues from M Bells and doing ur own well... and that is my ultimate goal to educate ppl (who are not) and to make ur trade profitable. :)

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  3. MG SIR, UR 5700 CE rocking...You are simply awesome...Hats of to you...

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  4. Sir again your 5700 call is ....(cant find the appropriate adjective to describe)....what to do now??? hold or sell??? bought at 10.85 now almost 3 times....

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  5. GOOD MORNING SIR,
    Missed ur call in the morning, since had some work. Request u to guide me whether I can buy anything now.
    Thanks

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  6. Nifty - suggested to buy 2 lot (if I missed then dont know), book 1 lot at 40... in a single day 4 times return... enjoy the ride... if have only 1 lot then keep SL 35

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  7. Its always best strategy to buy 2 lot and book one at comfortable level, that way profit of one lot will make ur buying free and second lot will be ur profit. Remember this, yes it would increase risk factor too.

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  8. Sir, Please recommend any stock which i can buy for delivery. Thanks

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    Replies
    1. I love to play test match and one day only, very rare T20, be on board.

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  9. book profit in Nifty 5700 call above 37

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  10. Just now have seen your post...booked 1 lot @ 40.00....holding the other free lot...:P...Sir 1 large for you...Cheers!!!

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    Replies
    1. cheers! a day before 1800, today 4K+... u r rocking man... now happy???... and read coin & currency quote

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    2. Sir more than HAPPY....and more important thing is getting back the confident that I have almost lost .... Thanks to You....without you how can I be rocking??? coin currency quote is really worth ....most important is now I am start believing that with your help I can really bring back my lost money....again Hats Off....

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  11. whats ur view on TM it riding slowly will it take u turn or move ahead

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  12. mkt moving up and donwside is not seen at the moment, once mkt will reverse it will slide. (effect of diesel)

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  13. Hi MG, whats ur views for CoalIndia..i have sold it last month after dragging it for more then 6-7 months. When can we buy it again.
    >Are you following UB Holdings, I have booked small profit on this. Can u suggest what could be future target for it.

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    Replies
    1. I remain out for advising on call which I do not follow... coal india will have move... its on my watch list now.

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    2. Yup I know u don't advise on stocks which u dn't follow..thats y i asked :)
      Well i need some guidance how to trade with Nifty..I'm jus a small time investor...what do u suggest ??

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    3. Now today is over, not we will see some profit booking on higher levels... monday onward volatile ahead of expiry... i m not taking new position as today have earned good profit... so need patience... be on board or visit at regular interval of half an hour... if anything will be there I will post

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  14. MG ji, I can't believe how good your calls are. With you around, trading is so much easier. God Bless you always :)

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  15. I often get tears in my eyes when I see you are booking profit... ofcourse of pleasant moment... as I know pain of loss.

    Nifty wale bhai log exit le lo 60 pe... 6 times is enough

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  16. I couldn't use your last 2 calls (SBIN 2150 CE @ 15 & Nifty 5700 CE @10) but by looking at what good you are doing by helping people around, I can only pray that your name is always taken with RESPECT...

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    Replies
    1. Thanks for kind appreciation... aliens is always around and I dont care... I know what I am doing... so remain on track... yes if someday will feel that my strength is not want to see me I will disappear.

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    2. MG ji, when there are good people, there will always be bad people around too. That's how you know who is good :) Please continue the good work for your own satisfaction rather than because people want you to. The day you don't like doing it anymore, no one can force you anyway :)
      God Bless :)

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  17. Congrats bhai log who took SBI & Nifty call, and many thanks to MG sir, keep it up !!!
    I was completely sideline last wo days due to office work & some technical issue, hope will get opportunity soon. :)

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  18. MG Sir! Was very busy with Ganpati pooja so could not track the market. I have not exited Titan also, shud I hold as today despite mkt movement it is in red. What is the call for monday as expiry is also nearing.. pls guide.

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    Replies
    1. Need to exit on Monday, Titan can move up. So I think if some pressure on Monday first half make an exit. else remind me on monday.

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  19. Sir! reading everyones comments and really happy to know that you all have been earning in past two days. Ganpati Bappa's blessings are with all of us. I am also gaining confidence that I will also get the opportunity to recover my money. Ganpati bless us all and specially MG sir who have been our saviour. God bless you sir.

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  20. I deliberately put today's quote becoz once you make profit in stock market, u get impatience soon to multiple ur earnings... I had lot of tempting calls today and surprisingly they almost achieved TG too... but I did not enter becoz today made 5K+ which is enough for me for my less amount (you all know I dont have money to invest)... so no matter if u miss the bus sometimes becoz its far better than to lose... happy trading... Like I was sure Infy will go down from 2632 to 2600, IRB will rock from 145 to 150+ etc. Coal India too (mentioned in MB)

    thanks again for all of u who gave me this wonderful opportunity to interact with you all and more importantly the respect and love I got here... thanks again. :) MG

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