Anyways Wednesday is a holiday for the indian market and the u s market's effects will not be seen on Monday and Tuesday.
Buy RPL at the closing rate with a short term target of 235 in one and a half months
buy Punjjloyd with a short term target of 332.
Keep an eye on Reliance tomorrow it can change the whole scenario
and we will all recite with joy Ganpati baba moriya.
गणपति बप्पा मोरिया
RBI is looking to bring down inflation does it make sense to look at gdp back to 8-9%.Under these conditions we are still watching at gutsav.If that hits gulf of Mexico we can have oil climbing fast that again be a negative impact on the market.
We will still suggest you to keep looking at blue chips stocks like Punjjloyd,RPL,HCC.Keep investing in these scripts have good work orders.
Well anyways if oil continues to trade at 115 $ we still expect the market open slightly lower but also do keep in mind to buy in blue chip companies.
Mukesh Ambani's Reliance industries limited (RIL) got gurantee of 1,720 crore rupeess from the american bank AXIM for long duration.This money will be used by the company for plant of offshore and onshore feeding oil and gas at baseen of Krishna and Godavari rivers.And part of money will be used for making in Jamnagar refinary.
AXIM bank is america's export credit agency.Last year gave 6,000 crore rupees for indian comapanies for exports.Out of 6,000 crore rupeees 2,150 crore rupees is only for RIL group;s company RPL for Jamnagar refinary.
Simplyfly deccan has been re branding and chairman of kingfisher airline Mr. Vijay Mallya is investing 2500 crore rupees.
Look at it now simply deccan is now becoming international,indias biggest flyer maximum planes,latest planes with latest technologies and going to get the bigger planes.Stock at the price of Rs.80.
Buy it now at this rate with a short term target of Rs.125.00.If u can hold long dont look at it.You will reap(oops sorry )fly money with support of Dr.mallaya.
The Indian market once again looks good for long term investors(for at least six months).Though for punters it will never change.we did tell our regular readers that inflation will cool down this week so it has(actual comes out to be 12.40).also we did advise to keep on buying whenever there is a dip in the indian markets.
The figures that have come out regarding the American economy are good for the Dollar market.It will further strengthen the dollar further which will make the crude to go down to 110 $ levels.The only thing worries is Gustav(the tropical storm heading towards Gulf of Mexico),this is strengthening the basic crude prices.
This blog is mainly for share market money makers(bse,nse).I will give you calls for scripts which will move high and low .This blog is also have the information about whole international market (like crude oil prizes,precious metals and also any disaster or major political scenario etc.).
Our calls will be both Technical as well as news driven.
Tomorrow may be its possible that market goes down upto 100 to 200 points because DOW goes 100 points down.So be careful for buying.In this situation scripts of IT sectors will give you more profit.Dollar advances to six months high on speculation European growth will slow.
Even as they grappled with inflation worries, most Federal Reserve officials at their August meeting didn't believe the Fed's key interest rate was too low given harder-to-get credit conditions straining consumers and businesses alike.
- Oil Fluctuates on Dollar, Possible Storm- AP
- Existing Home Sales Top Estimates But Prices Plunge- AP
- Ford Shares Fall to 22-Year Low- AP
- AIG at 13-Year Low as Credit Suisse Forecasts Loss- Reuters
- KKR has 'High' Interest In Lehman's Neuberger Unit- CNBC
- Freddie Debt Sale Eases Concerns of Nationalizatio
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