DIWALI PICKS

Few Investment stocks which you can buy on Dewali muhurat Trading as anINVESTMENT.
1 RANBAXY
2.SUZLON
3.RELIANCE
4.L&T
5.BHARTI
6.BHEL
7 Tata Steel
8 SBI
9 IOC
10 IDFC
11 PUNLLOYD
12 GAIL
Remember these are investments and should be held for atleast a year.I expect good appreciation in these stocks in the next one year at least.I purposely gave index stocks as that's where more action would be.Keep this in mind put 20% in each stock.

Most Asian markets rebound after recent slides

http://biz.yahoo.com/ap/081028/world_markets.html

SEBI Looking in stock market crash on 24tg OCT 2008

The Securities and Exchange Board of India (Sebi) is conducting an inquiry into the stock market crash on October 24 and today. The equity benchmarks BSE Sensex and NSE Nifty fell nearly 20 per cent during these two trading sessions.According to sources in the regulatory agency, trading pattern last Friday aroused suspicion. “Short sellers on Friday took extra care of not letting the markets fall by 10 per cent before 1 pm, which would have triggered the circuit filter and resulted in closure for an hour. Today also there were similar trends. It could be a coincidence but it needs to be looked into,” said a source.After 1 pm, the circuit filter is triggered only if the markets fall by 15 per cent. Sources said apart from a few participatory note (PN) issuing FIIs, activities of some stock brokers is also being looked into.Sebi Chairman C B Bhave could not be reached for comments.On Friday, Sensex fell 1,100 points or 11 per cent and the fall in share prices was intense in the last couple of hours of the trading sessions on extremely thin volumes. Even today, the markets witnessed a roller coaster ride as Sensex staged a sharp recovery of over 800 points from its days low of 7,697 to close at 8,509.Market players said short sellers are exploiting the cash settled derivative segment of the markets and bear operators are taking advantage of the situation by forming a cartel.Stock brokers have mainly blamed the overseas lending of stocks by FIIs as the real reason behind the fall. Even while the finance ministry has informed that FIIs have been asked to cover their short positions through borrowed stocks, FIIs have not entirely covered positions.Market players are seeking that Sebi probe the developments during October. The Sensex and Nifty have declined by over 35 percent since October 1 and the Indian stock markets have been the worst performer globally during the period.While Sebi is seeking detailed data from stocks exchanges, its Integrated Market Surveillance System (IIMSS) system is capable of detecting fraudulent trading practices, including violations such as synchronisation / wash sales; market domination, marking the open, marking the close, and stock-option manipulation.The sophisticated alert engines also helps Sebi to detect insider trading ahead of the public release of price sensitive information regardless of its source and also identify potential fraud by misrepresentation, including violations such as making public announcements with the intent of moving the price of an instrument either up or down.

193 cos Across sectors see FII's rising statek in Sept Quarter

Chennai, Oct. 26 If you think that foreign institutional investors are pressing only the ‘sell’ button in panic, think twice.Although a majority of companies in the BSE-500 index companies saw a fall in FII shareholding, at least every third stock saw a hike too. This was despite the Securities and Exchange Board of India data showing FIIs have pulled out a massive $13 billion from the Indian market so far in 2008.Of the BSE-500, 463 companies have disclosed their shareholding pattern for the September quarter. Of these, 193 have witnessed a hike in FII shareholding while 259 companies saw a reduction.Interestingly, the hike in stake has been across sectors and in companies belonging to various index segments (large-, mid- & small-cap).Some of the companies that saw a hike in FII holding are Vijaya Bank, Kirloskar Oil Engine, India Cements, United Spirits, Bharat Bijlee, Berger Paints, Tata Chemicals, Emco, Mahindra LifeSpace, EIH, Gateway Distriparks and HDIL.Conversion of preferential allotment of warrants into equities during the quarter, picking up stake through open offers, and churning of portfolios are some of the reasons for the hike, according to brokers.Tough yearBNP Paribas, in its Alpha Strategy report September 2008, said: “The market likely to suffer the most from a withdrawal of liquidity is India. The economy has a current account and investment deficit. Plugging this gap was not a problem during the go-go years of 2003-07; however, 2008-09 will be far more challenging in terms of access to funding and it is better to be a lender than a borrower in such an environment.“Policymakers urgently need to slash interest rates to prevent a sharp downturn in growth, putting aside concerns about inflation.”Non-US shiftAccording to Mr Gul Teckchandani, Equity Strategist, FIIs had held $218 billion worth equities in January, which have whittled down to $60 billion currently due to value erosion (in stock prices) and a massive exit by them. But those FIIs that preferred to stay have churned their portfolios, identifying value picks that could have pushed up the stake in some of the companies.Brokers also said that while some US-based financial institutions have been offloading Indian equities, a large proportion of what they were offloading had been picked up by non-US-based financial institutions resulting in overall increase in FII stake in some of the companies.Companies such as Ranbaxy, Dabur Pharma, Gujarat NRE Coke, Aptech, Hindustan Oil Exploration, Development Corporation Bank, IDFC, Zee News, BASF, Mercator Lines have shown reduction in FII holding

http://www.thehindubusinessline.com/2008/10/27/stories/2008102751670100.htm

JP MORGAN INDIA INVESTS 450 mn across SECTORS

Press Trust of India / Mumbai October 27, 2008, 17:00 ISTJPMorgan India, which plans to invest $1 billion across sectors in the country, has so far committed $450 million in real estate, infrastructure, manufacturing and financial sectors."We have a fund of $1 billion to invest in Indian companies. We have committed nearly half the money in real estate, infrastructure, manufacturing and financial sectors," JPMorgan India CEO Kalpana Morparia told PTI."These investments are opportunistic," she said adding there was no time-frame for completing investments as the money belonged to the company.JPMorgan, which started its India operations in 2001, has approached the Reserve Bank for licences to set up four more branches in the country.The branches would be in Delhi, Chennai, Bangalore and one more destination in the south, she said. Apart from its branch in Mumbai, the company, presently, has back-offices in Mumbai and Bangalore, with a headcount of 11,500.Notwithstanding the global financial crisis, JPMorgan will increase its headcount in India. "Headcount will grow," Morparia said."JPMorgan is focused on increasing its footprint across corporate and investment banking, transaction banking and asset and wealth management segments in Asia," Morparia said.JPMorgan is a US-headquartered bank that has weathered the credit turmoil in its home country. Outside the US, JPMorgan is involved in only corporate and investment banking business

http://www.business-standard.com/india/storypage.php?tp=on&autono=48525

Big H&S on Sensex weekly chart. Its target was 8100 and on 27 Oct 2008, sensex did achived it. It went 400 points below the tgt of 8100 during Intraday trading but closed well 400 points above the tgt.So will it be the bottom for this correction? But good thing now is that it should move up now. In Any case, we can see recovery now upto 12250-12500 range. Hurdles in between are 9480, 10660, 11500 .Also, Friday saw the second biggest single-day cut of 1071 points on the Sensex. The biggest single-day cut was on 21st Jan of this year, after which Sensex made a short-term bottom on the very next day, and recovered 23% within two weeks.Similar thing happened today, Now can we see some rise like 20% from current levels.

Quantity of Securities lent by FIIs abroad as per SEBI.

Monday, October 27, 2008
Quantity of Securities lent by FIIs abroad as per SEBI.
Security Name Quantity (no. of underlying security) Date
ITC LIMITED 2,291,113 10-Oct-08
NTPC LIMITED 2119,750 15-Oct-08
NTPC LIMITED 1,771,250 20-Oct-08
HINDUSTAN UNILEVER LIMITED 1,575,000 15-Oct-08
HDIL 1,266,613 10-Oct-08
DLF LIMITED 1,133,000 20-Oct-08
JAIPRAKASH ASSOCIATES LTD 1,100,000 15-Oct-08
LARSEN & TOUBRO LTD 821,800 10-Oct-08
HINDUSTAN UNILEVER LIMITED 785,000 10-Oct-08
CALS REFINERIES LIMITED 750,000 10-Oct-08
RELIANCE CAPITAL LTD 728,154 15-Oct-08
LARSEN & TOUBRO LIMITED 686,000 15-Oct-08
RELIANCE CAPITAL 676,000 20-Oct-08
BHARAT HEAVY ELECTRICALS 665,165 15-Oct-08
DLF LIMITED 627,446 15-Oct-08
JAIPRAKASH ASSOCIATES LTD 602,353 10-Oct-08
NTPC LTD 549,250 10-Oct-08
HERO HONDA MOTORS LTD 524,400 15-Oct-08
SATYAM COMP 510,440 15-Oct-08
SAIL 399,250 10-Oct-08
HERO HONDA MOTORS LTD 398,800 10-Oct-08
RELIANCE INDUSTRIES 365,400 20-Oct-08
PUNJ LLOYD LIMITED 344,500 10-Oct-08
RELIANCE PETROLEUM LTD 326,625 10-Oct-08
RELIANCE PETROLEUM LTD 326,625 15-Oct-08
TATA STEEL LIMITED 325,000 10-Oct-08
ICICI BANK LIMITED 318,547 10-Oct-08
HERO HONDA MOTORS LIMITED 306,000 20-Oct-08
RELIANCE PETROLEUM LTD 300,950 21-Oct-08
ICICI BANK LTD 297,862 15-Oct-08
SUN PHARMACEUTICAL 275,855 20-Oct-08
HDFC BANK LIMITED 262,510 10-Oct-08
HDFC BANK LIMITED 251,217 15-Oct-08
HDFC LIMITED 202,552 15-Oct-08
STATE BANK OF INDIA 200,496 15-Oct-08
IDFC 200,000 20-Oct-08
MOSER BAER 200,000 10-Oct-08
INDIABULLS REAL ESTATE 180,000 15-Oct-08
S Kumars Nationwide Ltd 165,000 15-Oct-08
ASIAN ELECTRONICS LTD 160,134 10-Oct-08
TATA MOTORS LTD 145,350 15-Oct-08
BHARAT HEAVY ELECTRICALS 140,075 10-Oct-08
AXIS BANK LIMITED 139,500 10-Oct-08
SPICEJET LIMITED 137,872 15-Oct-08
PATNI COMPUTER SYSTEMS 134,980 15-Oct-08
JSW STEEL LIMITED 131,783 15-Oct-08
RELIANCE COMMUNICATION 131,500 10-Oct-08
RELIANCE INDUSTRIES 121,218 10-Oct-08
BHARTI AIRTEL LIMITED 119,068 10-Oct-08
RELIANCE INDUSTRIES 117,467 15-Oct-08
SUN PHARMACEUTICAL 110,025 15-Oct-08
NATIONAL ALUMINIUM 109,250 10-Oct-08
LUPIN_LTD 100,000 10-Oct-08
AXIS BANK LTD 93,645 15-Oct-08
SPICEJET LIMITED 84,388 10-Oct-08
LUPIN LIMITED 81,200 20-Oct-08
TATA STEEL LIMITED 72,200 15-Oct-08
INFOSYS TECHNOLOGIES LTD 72,000 15-Oct-08
EDUCOMP SOLUTIONS LTD 69,414 21-Oct-08
STATE BANK OF INDIA 66,000 20-Oct-08
EDUCOMP SOLUTIONS LTD 58,999 20-Oct-08
NATIONAL ALUMINIUM 54,625 15-Oct-08
MARUTI UDYOG LTD 53,400 15-Oct-08
PANTALOON RETAIL 48,782 15-Oct-08
TATA CONSULTANCY 48,000 15-Oct-08
DR REDDY'S 47,526 15-Oct-08
OIL & NATURAL GAS 47,250 15-Oct-08
BHARTI AIRTEL LIMITED 41,813 15-Oct-08
INFOSYS TECHNOLOGIES 38,611 10-Oct-08
Patni Computer Systems Ltd 35,000 20-Oct-08
WIPRO LTD 31,809 15-Oct-08
PATNI COMPUTER 30,894 10-Oct-08
TATA COMMUNICATIONS 27,850 10-Oct-08
PENINSULA 25,951 10-Oct-08
LARSEN & TOUBRO 25,788 20-Oct-08
INDIA CEMENTS LIMITED 25,750 10-Oct-08
STRIDES ARCO 24,500 20-Oct-08
SREI INFRASTRUCTURE 22,000 10-Oct-08
United Phosphorus Ltd 21,305 20-Oct-08
HDFC 19,410 10-Oct-08
VOLTAS 18,180 10-Oct-08
TATA CONSULTANCY 17,909 10-Oct-08
JSW STEEL LIMITED 16,572 10-Oct-08
RCOM 15,000 10-Oct-08
INFOTECH_ENTERPRISES 12,063 10-Oct-08
RAIN COMMODITIES LTD 10,000 15-Oct-08
RAIN COMMODITIES LTD 10,000 20-Oct-08
RELIANCE COMMUNICATIONS 10,000 15-Oct-08
EDUCOMP SOLUTIONS LTD 9,800 10-Oct-08
KOTAK MAHINDRA 9,593 15-Oct-08
EDUCOMP SOLUTIONS 7,400 15-Oct-08
TATA MOTORS LTD 7,400 10-Oct-08
WIPRO LTD 5,249 10-Oct-08
INFOTECH_ENTERPRISES 5,063 15-Oct-08
RAIN COMMODITIES LTD 5,000 10-Oct-08
MAHINDRA LIFESPACE 4,011 15-Oct-08
ADLABS_FILM 4,000 15-Oct-08
BHARAT PETROLEUM 3,300 10-Oct-08
STERLITE TECHNOLOGIES 2,596 10-Oct-08

SEBI had vide circular no. IMD/FII&C/34/2008 dated October 20, 2008 communicated SEBI’s disapproval of the activity of the FIIs lending shares abroad.
The FIIs that have taken the above mentioned positions after the issuance of the circular by SEBI have been advised to reverse their positions.

Norway welth fund to invest $ 2 bln in indian share

Norway welth fund to invest $ 2 bln in indian share....Even as foreign institutional investors rapidly pull out their money from Dalal Street, Norway’s sovereign wealth fund, the world’s second largest, is set to invest $2 billion in Indian stocks

lending by fii =ASIAN ELECTRONICS LTD .AXIS BANK LIMITED ,BHARAT HEAVY ELECTRICALS ,BHARAT PETROLEUM CORP LTD ,BHARTI AIRTEL LIMITED ,CALS REFINERIES LIMITED ,EDUCOMP SOLUTIONS LTD ,HDFC,HDFC BANK,HDIL ,HERO HONDA MOTORS LTD ,,HINDUSTAN UNILEVER LIMITED ,ICICI BANK LIMITED ,INDIA CEMENTS LIMITED ,INFOSYS TECHNOLOGIES LTD,INFOTECH_ENTERPRISES_LTD ,ITC LIMITED ,JAIPRAKASH ASSOCIATES LTD ,JSW STEEL LIMITED ,LARSEN & TOUBRO LTD ,LUPIN_LTD ,,MOSER BAER (INDIA) LIMITED ,NATIONAL ALUMINIUM COMPANY LIMITED ,NTPC LTD ,PATNI COMPUTER SYSTEMS LTD ,PENINSULA ,PUNJ LLOYD LIMITED ,.RAIN COMMODITIES LTD .,RELIANCE COMMUNICATION LTD .RELIANCE COMMUNICATIONS VENTURES LTD RELIANCE INDUSTRIES LIMITED , RELIANCE PETROLEUM LTD ,SPICEJET LIMITED ,SREI INFRASTRUCTURE FINANCE ,STEEL AUTHORITY OF INDIA LTD ,STERLITE TECHNOLOGIES LTD ,TATA COMMUNICATIONS LTD ,TATA CONSULTANCY SERVICES LTD ,TATA MOTORS LTD ,TATA STEEL

CASH RICH COMPANYES

Analysts at Société Générale are anticipating an increase in corporate mergers and acquisitions activity even amid the turmoil in the global markets, with companies using funds on their balance sheets to take advantage of targets’ low share prices.These firms have low share prices but plenty of cash on their booksBelow table shows companies with low market cap than cash on books. Companies with a strong net-cash position are in a position to benefit from greater visibility on the global economic situation and attractive valuations.The Société Générale research said: “For those prepared to look through the haze, interesting opportunities may present themselves. Indeed, as access to capital tightens, competition for assets from competitors should dissipate and prices may fall.”

DOWJONES SCENARIO

Dowjones the impulse started from 7884 is making 5 up from therewith the force full impulsive 3rd already over expect some correctionbefore Dowjones tests 9900-10000 levels.Good selling can be seen from 10000 levels.Plan your trades accordingly.Good Trading opportunity for those who can track the trend properlywide swings,Investors should remain cautious

YESTERDAY BTST NIFTY@3520, RCAP @808 dow+936, nasdaq +194, hangsang +598, nikki +1080..wall street best day since last 75 yrs SGX nifty +162
BUY RELIANCE FUT ABV 1614 SL 1590 TGT 1660 1680
BUY RCOM FUT ABV 295 SL 272 TGT 317 325
BUY BHEL FUT IF SUSTAINS 1572 TGT 1628 1680 1740
BUY ACC FUT ABV 555 SL 550 TGT 565 575 588 599
BUY ABAN FUT IF SUSTAINS 1252 SL 1210 TGT 1295 1365
BUY AXISBANK FUT IF SUSTAIN 703 TGT 740
BUY ICICIBANK FUT AROUND 435 SL 422 TGT 494 535
BUY TATASTEEL FUT 310 SL 305 TGT 318 327
Bank of India, Bank of Baroda, RIL, Suzlon

BULLISH COUNTER FOR THIS WEEK IOB , OBC, UNION BANK, SHREE CEMENT

BEARISH COUNTERS CIPLA, BHEL ,SUN PHARMA

From the elliot side and patterns made i was expecting a corrective upmove from 11k-11.9k of an extent of 50 % of fall from 15.5k , after which it could be seen whether markets would head to 9500 zones in the last and final wave or confirm whether we have already seen the last. Also for every down move from January top markets have retraced a good amount after losing 28-30 % . 21200 to 15300 was 27.7% , 17735 to 12514 was 29.4 % , So goin with this pattern we could have seen a bounce from 10900-11200 levels and then could have had a move similar to 20 % as we did in previous two corrrectives. After which we could have been more clear about 9500-9700. But this pattern seems to have broken and markets have touched 10200 already which is not far from 9700 but still is not yet a confirmed bottom of as of now. For the major long term run which i have been highly bullish since we broke out above 7k and in our view at 8k in Sept 2005 that we were in for a big 13 year breakout move which has started in 2005 and could well last till 2018. This 13 year cycle continues to remain in place till we dont break below 8500-8800 on weekly/monthly closing. Have attached the charts for the flag formations which i had shown in 2005 too when people were not ready to believe the big run. Also according to the 13 year cycle we have completed the 1st phase at 21200 and are in the bear phase which can take us to 8800-9700-11900( now out ) . After which the next bullish phase of the 13 year cycle can start in 2009 mid or end or 2010 end -start2011. But yes if one has committed some cash at 11k-11.9k levels then the next level to wait would be 9.5k or wait for a confirmation technically which should emerge more clearly by Jan-March.

CHECK BSE SENSEX CHARTS OF 1986/92/2001 SAME SCENARIO NOW

Morgan, Merrill, Citigroup sell stakes in Indian companies

COIMBATORE: Even as Japanese investment bank Nomura extended a lifeline by agreeing to buy the India operations of Lehman Brothers, the bankrupt US investment bank is holding on to its stake in many Indian companies, especially in infrastructure. However, its peer Morgan Stanley, which decided to convert itself into a bank holding company following US financial crisis, is selling stakes big time. An analysis of select stocks show that apart from Morgan, Merrill Lynch, Citigroup and Goldman Sachs too have been selling stakes in Indian companies. Morgan, which was the largest FII investor in S Kumars Nationwide, a leading textile firm with a 7.92% holding (as on June 30) sold 6.13% (1.31 crore shares) of that stake on September 18. It has offloaded 15 lakh shares in Lakshmi Energy and Foods on the same day bringing its stake down from 4.06% to 2.37%. Citigroup reduced its exposure in Ruchi Soya from 3.64 % to 2.63 % by selling 19.02 lakh shares on August 8.
Goldman Sachs, another ibank that escaped the global meltdown, pared down its exposure in Prajay Engineers from 5.02% to 2.64% by selling 9.47 lakh shares on June 30. Merrill Lynch, which was taken over by Bank of America amidst the turmoil, brought down its stake in Panacea Biotech from 3.95% (as on June 30) to 1.35% by selling 18.69 lakh shares on September 23. .
Lehman, on the other hand, has held on to its stakes in KSK Energy, KPIT Cummins, Cranes Software and Fedders Lloyd. In some cases, companies had to come out with clarifications stating that they have not taken any hit as a result of Lehman going down under. Hyderabad-based KSK Energy had said that the i-bank cannot sell any of its holdings as the shares have a one year lockin from July 5, 2008.

source ET 10 Oct, 2008, 0620 hrs IST,M Allirajan, TNN

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