As per the current sentiments market indicate Range bound in July also, So i suggest exist from this position now Cmp 170Rs.
Thursday, June 28, 2012
Update :- My Experience say something about current Scenerio and Prediction for Future......Rohit Saxena
Dear All,
I hope you all remember 16th May 2012 Update , where i was mentioned what ever Nifty will give closing in May Month, June will be close above 200 or 300 points up from may closing means may closing was 4924.25 then June will be close between 5100 to 5200 level. Nifty June Spot Cmp 5150. I hope you all grape this opportunity to make money.
| May Nifty Spot Expiry Date :- 31/05/2012 Open :- 4896.10 High :- 4949.25 Low :- 4883.55 Close :- 4924.25 |
Tuesday, June 26, 2012
Thursday, June 21, 2012
Cheers for Hindustan Unilever Call Closed.
Hul Cmp 464Rs, target was 460Rs, 6.17% Return in 10Days as per the 11th June Updation.
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Monday, June 18, 2012
RBI Policy Review
Dear All,
In the Mid Quarter Policy Review the Reserve Bank of India (RBI) has left key policy rates untouched. "The Reserve Bank had frontloaded the policy rate reduction in April with a cut of 50 basis points," RBI said in its policy statement. "Our assessment of the current growth-inflation dynamic is that there are several factors responsible for the slowdown in activity, particularly in investment, with the role of interest rates being relatively small. Consequently, further reduction in the policy interest rate at this juncture, rather than supporting growth, could exacerbate inflationary pressures"
Monetary and Liquidity Measures:
Ø Cash Reserve Ratio (CRR): Retained at 4.75%
Ø Repo Rate: Retained at 8.0%.
Ø Reverse Repo Rate: Stands 100 bps lower to Repo rate at 7.0%.
Ø Bank Rate: Retained at 9.0%.
Our View:
· We think that RBI wants to wait and watch the monsoon progress and access the full effect of Fuel & MSP price hikes on inflation.
· RBI will keep evaluating the evolving growth-inflation dynamics. Future actions will depend on external and domestic developments that contribute to lowering inflation risks and hence RBI may keep status quo in rate cuts till inflation expectations moderate.
· Taking all the domestic and global economic developments into consideration it is expected that 10 year GOI yields will be range bound between 8.00 to 8.25% in medium term as RBI has indicated that it will continue with OMOs as liquidity management tool which will support the bonds yields.
· On the shorter end of the curve CD rates can inch higher and settle at 9.45-9.50% levels.
Market Reaction:
India's stocks, bonds and rupee dropped, reversing an earlier advance, after the central bank unexpectedly left interest rates unchanged.
Equity: The news of no cut in policy rate took the market by a negative surprise and market plunged more than 200 points after the policy review. Sensex in the expectations lead by rate cut was trading 150 points higher before the rate cut.
Debt: After the policy review, the yield on the government's 8.15% note due June 2022 climbed 8 basis points, the most for a benchmark 10-year bond since April 20, to 8.13% in Mumbai, according to the central bank's trading system.
The rupee slipped 0.4% to 55.69 against the dollar.
Please find attached the Policy Review Document.
(Source: Bloomberg, RBI.org.in, Moneycontrol.com)
Update on Gail India Ltd.
Stay with Gail India Ltd and Make average at this level or 317 Rs Level.
RBI KEPT RATES UNCHANGED
Wednesday, June 13, 2012
UPDATION : Buy Hindustan Unilever Cmp 437Rs (Buy between 427.10 to 437Rs) Target R1- 460Rs, Stoploss Strictly follow 427.....Rohit Saxena
Hindustan Unilever Cmp 445Rs.......STOCK ON THE WAY.....CHEERS!!!!
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Cheers for ITC......Call closed
ITC Cmp 244.70 Rs as per 30th May Updation total return 5% in 15days.
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Monday, June 11, 2012
Thursday, June 7, 2012
Update : Buy & Hold UBL Cmp 480Rs, buy b/w 467.10 to 480Rs, target price R1- 496Rs R2- 510Rs R3- 522Rs, Stoploss Strictly follow 467Rs....Rohit Saxena
CHEERS for UBL Cmp 499Rs......yesterday made a High of Rs 509.....R1 R2 level achieved total Return 6%, so i suggest book partial profit (70%).
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Update : Go with Central Bank Of India......Rohit Saxena
R1 target 79Rs Achieved as per the 14may 2012 updation book partial profit.....Stock on the way.
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Tuesday, June 5, 2012
G-7 Meeting
Today there is G7 meeting in the evening.If news are positive for European country then commodities will start moving upward and may remain bulling for next Three Four months.Also Dollar may come down and If there is rate cut announcement on 18th of June then INR may further appreciate.
Today INR may remain range bound and wait for the G-7 Meeting.
Thanks and Regards
Rohit Saxena
OUR VISION : "To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance"
Monday, June 4, 2012
RBI rate cut hope as crude oil prices ease
RBI rate cut hope as crude oil prices ease.If RBI cuts the rate in the policy meeting then USDINR may come down to 54.50 level or 54 level.
Friday, June 1, 2012
Cheers for Skumarsynf 32.6% Return in 18days ......Call Closed.
Update : Skumarsynf Cmp 33.60Rs, todays High 34.90Rs, Our R3 target was 35Rs total Return 32.6% in 18Days, Stock almost touch this figure Book profit and wait for next entry level.
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