hi cb
1. what will be short term target of bank of maharashtra and vijya bank......
2. and at what level i sould enter in ifci......

how do you see the market on monday, US closed flat.

Hi Nikhil, results are good. can see 36 in coming days.

Hi ASHIM, hold it. keep sl at 172

Hi santosh, bom can see 70 in short term. vijaya bank around 78. ifci can be bought near 60

Hi shiv, lets see how results shape up. depends on the outcome of the result

Hi suresh, nifty too is likely to open a bit flat

Hi shiva, no, dont apply for sks. allotment is always on random basis.

yes sure, i want to leaarn the technical analysis so that i can make better decisions while purchasing stocks

hi
WHAT ABOUT LANCO INFRA

CB, Seeking your advice on gmrinfra for short term.

IMPORTANT ARTICLE FOR SMALL INVESTORS

There is something amiss in the share-trading of Mumbai-based Concurrent (India) Infrastructure Ltd. After Moneylife published news about the wrong regulatory filings by the company to the Bombay Stock Exchange (BSE), volumes of Concurrent shares rose by a whopping 190% to 7,35,425 shares on Monday from last week's average volumes of 2,53,808 shares per day. BSE, at the first level of regulation, has refused to comment on our queries regarding the Concurrent trading.

Shares of Concurrent India, earlier known as Kushagra Software Ltd, are being pushed up by a cabal of investors who may be in alliance with insiders. Last week, Moneylife reported on how Concurrent had fooled investors with a false announcement on its alleged plans with Sikkim Power Project (see: http://www.moneylife.in/article/8/6290.html). A simple cross-checking of the regulatory filing submitted by Concurrent to the BSE, along with a reading of the sites of a bunch of investors led by one self-styled stock guru Arun K Mukherjee (http://www.arunthestocksguru.com/) suggests rampant manipulation in the share price.

Moneylife also discovered that comments posted on our earlier story on our website by some 'readers' may have been written by some employees of Concurrent using their office network.

For example, the same Mr Mukherjee in his blog posted on 8 February 2010 (http://www.arunthestocksguru.com/2010/02/concurrent-india-infrastructure.html) talks about Concurrent and the company's future projects at great length. He even claims that Concurrent's chief executive officer had called him and fixed up an appointment! According to the blog entry, after their dialogue, Mr Mukherjee became a 'proud' shareholder of the company and was hoping to be with it for the next three-four years.

The so-called stock guru also offers information that is not known to other investors, in a gross violation of the listing norms. In the same blog entry of 8th February, Mr Mukherjee wrote about Concurrent's acquisition of Kazi Aviation for no consideration, which was not known to other investors. Concurrent announced the deal only on 12 March 2010, more than a month after Mr Mukherjee published his blog entry. In the same breadth, he speaks about the bulk-selling deals undertaken by Absolute Leasing and Finance Pvt Ltd. He says (quote not corrected for grammar or punctuation), "You may notice Concurrent being in bulk deals for huge selling from a particular company named ABSOLUTE LEASING & FINANCE PVT LTD. It's a company of MR GK Agarwal who was the erstwhile owner of Kushagra, he was told to exit the company and thus he offloaded all his 15 lakh odd shares in the market. Weaker hands gone out and I and my group bought the most of his quantity."

Speaking about Concurrent's CEO K Sudhir Babu, Mr Mukherjee says (message reproduced verbatim), "Sudhir is a very influential and visionary guy with huge powerful contacts. This guy works from morning 5 to 12.30 at night. To make the board stronger he is making a Padma Shri guy joining the board."

After publishing the news about Concurrent and the Sikkim Power Project, Moneylife received a few mails and comments from some investors. These investors, including Mr Mukherjee, responsible for spiking Concurrent's share price have openly admitted their involvement. Their confidence may have arisen due to inaction by the authorities against such manipulation in the past.

An email sent to us by one Chandra Deo from Mangalore in Karnataka, speaks about the volume surge and share price movement of Concurrent. Mr Deo said, "As a matter of fact, the same stock which was moving down on lower circuits before the article appeared on your website has today registered huge volumes, approximately 300% more than the average traded quantity/day in last 2 weeks (7.35 lakh versus 2.44 lakh) as per BSE statistics IN SPITE OF STRAIGHT AWAY HITTING THE LOWER CIRCUIT!".

However, Concurrent share volumes have been even higher due to the false news about the Sikkim Power Project. During June, Concurrent's average share volumes fell to 34.3 lakh shares from 51.3 lakh shares recorded in May 2010, as per the data available on the BSE site. Concurrent share volumes in June are almost half compared with the 69.4 lakh shares recorded just four months ago, in February 2010.

The movement of Concurrent's share price, however, is another story. Its share closed at Rs11.94 in January 2010. During the past six months, Concurrent's shares hit an average closing high of Rs32.85 in May and have been falling since then.

On Tuesday, Concurrent hit the lower circuit limit of Rs28.00 preventing the shares from falling further. Concurrent shares closed 4.9% down to Rs28 while the benchmark Sensex ended the day 0.7% down at 17,749 points.

hi cb. pleas give me knowladge about future.
ex- i have july dlf short at300 and expri leval 290. so please explen me rollover and my profit loss.