Sir,

Ur target for 1 yr - Birla Power solutions and Avon corp ?

Dear fellow Boarders, See below what ONE MARKET EXPETS SAYS, I still remember, in the first week of March 2009, when ICICI Bank was already @ 258 (most other NSE/BSE Gem of a companies), this Market expert was telling there is no SUPPORT AT ALL FOR ICICI BANK, He among most other MARKET EXPERTS advised not to buy stocks @ those DIRT CHEAP LEVELS, You all know very well how the stocks and the market turned up and up.

THESE EXPERTS ARE AGAIN AT WORK, NOT ALLOWING ANY RETAILS INDIVIDUAL TO BUY WHEN QUALITY STOCKS OF GOOD COMPANIES ARE AVAILABLE AT 52 WEEK LEVEL,

IGNORE THESE EXPERTS AND BUT GOOD STOCKS AT CURRENT LEVELS, OR IF MARKET GOES DOWN AT STILL LOWER LEVELS, THESE STOCKS WILL COME BACK IN NO TIME AND WE CAN EARN GOOD RETURN. IF YOU WAIT TO SEE THE BOTTOM WE WILL MAKE THE SAME MISTAKES OF PAST TWO YEARS.

GOOD LUCK TO ALL

Sudarshan Sukhani, of Technical Trends, in a chat with ET Now talks about the market.

If we close the week below 5700 what is the next strategy?

This is a choppy market. Choppy markets are essentially untradeable. There is no trade here. In the morning it goes up, in the afternoon it comes down, it goes up, it comes down - the net result is zero. It is important to clarify this so that nobody gets caught and trapped in these half and hour moves.

This time 5700 is not holding and we are heading down. Earlier, I had given target of somewhere around 5300 to 5500 for the Nifty. It seems that we are rushing towards that target. I thought it will take some time but the market is not obliging.

What about stock specific activity?

You cannot buy as we speak. We have already broken 5700. This is not a time to buy, you have to be patient. Professional traders should be looking to go short. They can go short now because this is the fourth break as we are speaking. There is a lot of risk but they have to understand that risk. For investors, do not try to buy anything, wait patiently - this market is not for you now.

Is there anything from a really long term perspective that you would look to buy into at the current levels?

At current levels, I would not look to buy anything but the Nifty is going to settle down at some level - whether it is 5500 or 5400 or whatever. That will be the time when we will start making our buy list. My advice to people is there is a season in the market, this is not the season to buy. This is a season to be patient and wait for buying opportunities to come.

People have been talking about tightening measures, RBI may raise rates as well. Would that spell a bit of trouble for the rate sensitives?

No they would not because we have been discounting all that, that is how we came down come 6200, 5200, 5650. So I would not go by this news. This new is already part of the price.

BUY BELOW STOCKS AT CMP OR BELOW FOR GOOD RETURNS.

BSE A GROUP 15 DAYS CHANGE 14JAN>31 DEC.

Company Name Group Last Price 31 DEC. % Chg
Zee Entertain A 118 147.05 -19.76
Syndicate Bank A 103.2 128.3 -19.56
Bajaj Auto A 1,246.90 1,541.50 -19.11
LIC Housing Fin A 158.45 195.55 -18.97
Rashtriya Chem A 83.2 101.85 -18.31
JSW Steel A 969.2 1,176.20 -17.6
Canara Bank A 549.1 660.4 -16.85
YES BANK A 260.45 312.7 -16.71
HDIL A 162.65 194.25 -16.27
BGR Energy A 612.7 725.95 -15.6
Nagarjuna Const A 118.85 140.7 -15.53
IDFC A 154.85 182.2 -15.01
M&M Financial A 629.2 740.35 -15.01
Indian Bank A 210.25 247.3 -14.98
Hind Oil Explor A 201.4 236.3 -14.77
Corporation Ban A 542.7 636.5 -14.74
Dish TV India A 60.7 71.1 -14.63
IVRCL Infras A 110.15 128.75 -14.45
IFCI A 57.7 67.3 -14.26
Oriental Bank A 348.2 405.5 -14.13
TVS Motor A 60.7 70.65 -14.08
Rural Elect Cor A 256.2 298.2 -14.08
Pantaloon Ret A 316.35 367.25 -13.86
IndusInd Bank A 228.65 265.45 -13.86
Andhra Bank A 130 150.9 -13.85
IOB A 126.2 146.4 -13.8
Lanco Infratech A 54.75 63.45 -13.71
Larsen A 1,709.35 1,979.05 -13.63
Opto Circuits A 232.55 268.75 -13.47
Jaypee Infra A 67.9 78.25 -13.23
Unitech A 57.55 66.2 -13.07
Indiabulls Real A 121.4 139.55 -13.01
Jet Airways A 664.3 762.85 -12.92
Hind Copper A 287.45 329.6 -12.79
Torrent Power A 241.55 276.25 -12.56
Bajaj Holdings A 762.2 871.5 -12.54
HDFC Bank A 2,053.00 2,346.50 -12.51
Financial Tech A 783.25 893.9 -12.38
Thermax A 757.85 864.65 -12.35
GMR Infra A 40.2 45.85 -12.32
Coromandel Int A 278.05 316.65 -12.19
Aban Offshore A 716.7 816 -12.17
Century A 376.3 428.3 -12.14
Kotak Mahindra A 398.05 452.45 -12.02
Nat Fert A 100 113.6 -11.97
HDFC A 641.55 727.95 -11.87
ICICI Bank A 1,010.55 1,144.65 -11.72
SAIL A 161.35 182.5 -11.59
Jaiprakash Asso A 93.65 105.9 -11.57
AdityaBirlaNuvo A 742.05 838.95 -11.55
Bhushan A 420.5 475 -11.47
Apollo Tyres A 59.1 66.7 -11.39
DLF A 259 291.95 -11.29
Jai Corp A 197 222.05 -11.28
Allahabad Bank A 200.45 225.85 -11.25
United Phos A 153.9 173.15 -11.12
IDBI Bank A 146.45 164.75 -11.11
SBI A 2,502.25 2,811.05 -10.99
Axis Bank A 1,201.35 1,349.50 -10.98
Ambuja Cements A 127.8 143.05 -10.66
Guj State Petro A 105.65 117.9 -10.39
Power Finance A 277.9 309.9 -10.33
Punj Lloyd A 100.3 111.85 -10.33
Hind Constr A 43.9 48.95 -10.32
Maruti Suzuki A 1,275.30 1,420.60 -10.23
Vijaya Bank A 91.35 101.75 -10.22
EngineersInd A 299.35 333.3 -10.19
Union Bank A 312.6 347.5 -10.04
Biocon A 379.95 421.75 -9.91
BPCL A 593.55 657.95 -9.79
Tata Motors A 1,178.60 1,306.30 -9.78
IOC A 309.45 343 -9.78
GVK Power A 36.7 40.65 -9.72
Shree Renuka A 87.75 97.05 -9.58
JSW Energy A 90.1 99.55 -9.49
Neyveli Lignite A 120.9 133.55 -9.47
Sintex India A 165.1 182.25 -9.41
Jubilant Life A 259.4 285.75 -9.22
Shree Cements A 1,819.45 2,003.70 -9.2
UCO Bank A 105.45 116 -9.09
Indiabulls A 157.9 173.65 -9.07
ONGC A 1,178.75 1,293.40 -8.86
Welspun Corp A 155.05 169.6 -8.58
PNB A 1,118.30 1,221.85 -8.47
Bajaj Finserv A 424.65 463.9 -8.46
Tata Steel A 621.7 678.95 -8.43
Hero Honda A 1,818.90 1,986.10 -8.42
Fortis Health A 134.35 146.65 -8.39
Godrej Ind A 175.55 191.55 -8.35
Crompton Greave A 284.75 310.4 -8.26
Siemens A 753.4 820.75 -8.21
Cipla A 339.55 369.9 -8.2
Rel Capital A 613.35 668.05 -8.19
United Spirits A 1,341.10 1,460.55 -8.18
Essar Oil A 126.45 137.7 -8.17
P and G A 1,703.95 1,855.60 -8.17
HPCL A 360 391.35 -8.01
Cummins A 719.7 781.25 -7.88
Bank of Baroda A 826.15 896.5 -7.85
Bharat Forge A 349.65 378.8 -7.7
ILandFS Trans A 272.75 295.25 -7.62
Havells India A 366.4 396.2 -7.52
Shriram TransFi A 723.5 780.55 -7.31
Ashok Leyland A 59.25 63.9 -7.28
Bank of India A 417.55 449.65 -7.14
Shipping Corp A 121.4 130.7 -7.12
Reliance Power A 146.9 158.1 -7.08
Infosys A 3,201.95 3,445.00 -7.06
Pipavav A 80.3 86.4 -7.06
EIH A 106.6 114.7 -7.06
NMDC A 258.2 277.7 -7.02
GE Shipping A 319.75 343.7 -6.97
Central Bank A 169.1 181.65 -6.91
Oil India A 1,309.35 1,406.20 -6.89
NTPC A 186.8 200.6 -6.88
Hindalco A 229.3 246 -6.79
ACC A 1,005.65 1,075.60 -6.5
MRPL A 68.6 73.35 -6.48
Exide Industrie A 156.15 166.8 -6.38
CESC A 343.05 365.75 -6.21
MTNL A 51.5 54.85 -6.11
Educomp Sol A 499.65 532.1 -6.1
Areva T&D A 304.75 324.5 -6.09
IRB Infra A 211.85 225.6 -6.09
Federal Bank A 373.5 397.6 -6.06
Adani Power A 122.25 130.1 -6.03
Oracle Financ A 2,191.30 2,331.25 -6
UltraTechCement A 1,019.80 1,082.15 -5.76
MMTC Ltd A 1,103.10 1,170.45 -5.75
BHEL A 2,195.25 2,324.75 -5.57
Wipro A 463.05 490.25 -5.55
Castrol A 433.7 459 -5.51
Sterlite Ind A 176.35 186.6 -5.49
ABB A 749.15 792.25 -5.44
Reliance A 1,001.15 1,058.25 -5.4
Titan Industrie A 3,410.55 3,601.30 -5.3
Reliance Infra A 798.25 842 -5.2
Ranbaxy Labs A 567.5 598.65 -5.2
Asian Paints A 2,727.50 2,874.85 -5.13
Voltas A 206.85 218 -5.11
Mah and Mah A 739.05 777.55 -4.95
Jaiprakash Pow A 50.45 52.95 -4.72
Jindal Steel A 679.85 713.2 -4.68
GAIL A 486.95 510.8 -4.67
Reliance Comm A 138.4 145.1 -4.62
Sun TV Network A 501.55 525.85 -4.62
Alstom Projects A 655.75 686.7 -4.51
NHPC A 26.9 28.15 -4.44
Bharti Airtel A 342.7 358.4 -4.38
SJVN A 21.95 22.95 -4.36
Lupin A 459.55 480.45 -4.35
Suzlon Energy A 52.3 54.65 -4.3
Glenmark A 347.55 362.7 -4.18
TCS A 1,118.70 1,165.05 -3.98
Videocon Indust A 208.2 216.8 -3.97
Patni Computer A 459.1 476.65 -3.68
Tech Mahindra A 677.3 702.4 -3.57
Container Corp A 1,212.00 1,256.80 -3.56
Tata Global Bev A 104.55 108.35 -3.51
GTL Infra A 41.35 42.75 -3.27
Divis Labs A 624.9 645.7 -3.22
HUL A 302.6 312.3 -3.11
Mundra Port A 139.2 143.65 -3.1
Tata Chemicals A 382.2 393.85 -2.96
Bharat Elec A 1,699.90 1,751.45 -2.94
Colgate A 842.5 867.8 -2.92
NALCO A 380.7 391.85 -2.85
IndraprasthaGas A 333.25 342.75 -2.77
Godrej Proper A 599.2 614.5 -2.49
Idea Cellular A 67.7 69.4 -2.45
ITC A 170.25 174.5 -2.44
DB Realty A 191.15 195.6 -2.28
Tata Comm A 250.3 255.6 -2.07
Sun Pharma A 475.75 484.65 -1.84
Motherson Sumi A 178.7 181.85 -1.73
Aurobindo Pharm A 1,296.55 1,317.40 -1.58
Religare Enterp A 465.2 472.45 -1.53
Nestle A 3,741.70 3,795.20 -1.41
Adani Enterpris A 640.4 649.3 -1.37
Hind Zinc A 1,349.60 1,367.20 -1.29
Cadila Health A 769.8 778.35 -1.1
Dr Reddys Labs A 1,648.00 1,662.55 -0.88
Power Grid Corp A 97.4 98.2 -0.81
GlaxoSmithKline A 2,324.80 2,342.60 -0.76
Sesa Goa A 326.5 328.4 -0.58
Tata Power A 1,362.30 1,365.70 -0.25

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Hi CB, Thanks .
There have been many queries ,concerning adag group..Wd like to kindly know , will the mfs of reliance securities ..like reliance infra and rnrl mfs ,..be affected ..pl? are they being banned from trading ..pl/

Hi CB/Gitanjali

Just reproducing extract of a story from moneycontrol on the subject for your information

"Reliance Infrastructure, RNRL, Anil Ambani and four other directors have paid a settlement charge of Rs 25 crores towards the consent order. Post this order, Reliance Infrastructure and RNRL will be unable to make any investment in the secondary markets upto December 2012, while Anil Ambani and the four directors have been barred from investing in the secondary market until December 2011.

However, R-Infra can continue to invest in mutual funds, primary issuances and unlisted securities. R-Infra also have full flexibility to fund raise and implement their growth plans."

The bar is only on investing in the secondary markets

HI CB, if so ..can we go short in rcapital, rpower or rcom..pl? May I kindly have the support and resistance for which ever , you suggest ..