Intraday calls for 04-07-11
Markets likely to see a gap up opening. Support for nifty is at 5610
Buy Axis bank above 1317, target: 1333. Stoploss: 1302 – (Book profit in Axis bank at 1330)
9.52am – Book profit in Zydus wellness at 662
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Kb Says:
July 4th, 2011
Posted at: 10:51 pm
Hi vega/ CB, wowww. .. its famous mag in kerla. .. cool .. :DDDDDDDDD
Kb Says:
July 4th, 2011
Posted at: 10:53 pm
Hi vega, which charts?? which months mag??
bj arun Says:
July 4th, 2011
Posted at: 11:08 pm
hi alll see this news about idea
In a big setback to Aditya Birla group firm Idea Cellular , the Delhi High Court today said the six licences of Spice Communications would not be transferred to Idea, which acquired it in 2008, as the company did not comply with the licence and merger guidelines.
The court also slapped a fine of Rs 1 crore for not giving the correct information to the court.
Passing the judgement on the merger application of Idea and Spice, the high court said Idea had not put the rejection letters by DoT on merger of licence and did not place on record the relevant documents.
"It is directed that notwithstanding anything stated in the sanctioned scheme and in the order dated February 5, 2010, the six overlapping licences of the Spice would not stand transferred or vested with Idea till prior permission of DoT is obtained," said Justice Manmohan in his 51-page order.
The high court further said that it is "of the view that costs should be imposed on Idea for not bringing to the notice of this Court the rejection letters dated January 7, 2010 and January 18, 2010 issued by DoT and for not placing on record relevant and material documents like Licence, Merger Guidelines and correspondence exchanged between the parties."
Directing Idea to pay Rs 1 crore to the Department of Telecom (DoT) within six weeks, the high court said, "The suppression of documents was not an innocent act especially in view of petitioners own understanding of licences and merger guidelines as reflected in the contemporaneous correspondences".
The company bench of the high court further said that till DoT gives its permission to Idea to use the licences of the Spice Communication, the "overlapping licences of Spice shall forthwith stand transferred with DoT. The spectrum allocated for such overlapping licences shall also forthwith revert back to DoT."
It further said that as Idea has used the overlapping licences without any prior permission of DoT from February 5, 2010 till date "in contravention of the Licence and Merger Guidelines, it is directed that it shall be open to DoT to pass any order for such breach".
The court also directed the DoT to ensure that the customers of two circles -- Punjab and Karnataka -- where the licences of Spice were operational shall not suffer due to interruption of service.
The high court's order came over an application filed by the DoT requesting it to recall and stay its earlier order allowing the amalgamation of Spice Communication with Idea Cellular.
CB Says:
July 4th, 2011
Posted at: 11:12 pm
Hi vega, ok thanks
Hi Kb, thanks
Hi bj arun, yes, its negative for the stock.lets see how stock reacts tomorrow.
Kb Says:
July 4th, 2011
Posted at: 11:17 pm
Hi CB, :)) ..
Preet Says:
July 4th, 2011
Posted at: 11:43 pm
Hi CB/Karthik,
Wat could be the target price of Renuka sugars in next 2-3 months?
I want to invest 50000 in equities. In which stock can I invest to get good returns?
CB Says:
July 4th, 2011
Posted at: 11:48 pm
Hi Preet, go with renuka and Zydus wellness for now. renuka can be bought near 70-71 levels. Zydus around 648-653. can add 10-15% in coming days.
Preet Says:
July 4th, 2011
Posted at: 11:53 pm
Thanks a lot CB. I have read somewhere that in months to come Sugar and copper will be in high demand. Are there any stocks in these segments which can be beneficial in short to medium term?
CB Says:
July 4th, 2011
Posted at: 11:54 pm
Hi Preet, yes, they are good med/ long term bets. one can enter renuka and bajaj hindustan on a 2-3% dip. likely to do well
vipul Says:
July 5th, 2011
Posted at: 12:29 am
hi CB,
I HAVE HINDUJA VENTURES SHARES AT 320.BUT THE STOCK IS NOT CROSSING 300 BARRIER.WHAT SHOULD I DO?
Arti soni Says:
July 5th, 2011
Posted at: 1:49 am
Intraday trading tips for today
BUY Coal India Ltd. above 396
Target:T1: 398.30, T2:400.10
Stoploss: 393.00
BUY HDFC above 79
Target:..........
CB Says:
July 5th, 2011
Posted at: 8:37 am
Hi vipul, yes, faces some resistance at 300 levels. has strong support at 287-290. hold it. can see some recovery from here
Hi @ GODSE @, no. just for knowledge.
Hi Arti soni, Good morning. thanks.
vega Says:
July 5th, 2011
Posted at: 1:26 pm
Hi KB: Latest edition of SAMBADHYAM... July edition...
vinit pathak Says:
July 5th, 2011
Posted at: 7:35 pm
Hi Kb,
Get Free Nifty Intraday Tips From Here - CLICK HERE
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August 26th, 2011
Posted at: 2:24 pm
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