Intraday calls for 26-02-09

Markets likely to open flat. Buy Cairn India at 159.90, target: 165. Stoploss: 157. Buy Idea Cellular at 48.90, taget: 50.50. Stoploss: 47.90 If markets show weakness later during the day, short sell: Reliance infra.

Intraday calls for 25-02-09

Buy Mahindra and Mahindra at 296, target: 306. Stoploss: 292. Buy State bank of India at 1028, target: 1055. Stoploss: 1020 If markets see weakness later during the day, short sell: Reliance industries..

Intraday calls for 24-02-09

Markets likley to see a gap down opening. Short sell Reliance industries for a target of 1210. Stoploss: 1260 Short sell NMDC for a target of 145. Stoploss: 155.

Stocks Tumble; Dow Hits Lowest Since ‘97

NEW YORK (Reuters) - Stocks slid on Monday, sending the Dow Jones industrial average to its lowest in more than 11 years, as uncertainty about the government’s latest bid to shore up ailing banks, including Citigroup, diminished the appetite for riskier assets. A sell-off in technology shares added to the negative tone amid concerns about declining business and consumer spending. The S&P 500 broke below its bear market closing low set November 20, while the Dow slid to levels last seen in late 1997. The Dow Jones industrial average (DJI:^DJI - News) was down 157.30 points, or 2.14 percent, at 7,208.37. The Standard & Poor’s 500 Index (^SPX - News) was down 18.44 points, or 2.39 percent, at 751.61. The Nasdaq Composite Index (Nasdaq:^IXIC - News) was down 37.62 points, or 2.61 percent, at 1,403.61.

Intraday calls for 20-02-09

Buy Firstsource solutions above 14.10, target: 15.50. Stoploss: 13.70 Short sell: Hindalco at 40.1, target: 38. Stoploss: 41

Intraday calls for 19-02-09

Markets likely to open flat. Buy Tube Investments of India at 32.70, target: 34. Stoploss: 32.20. Buy Noida Toll Bridge at 23.45, target: 25. Stoploss: 22.90

Intraday calls for 18-02-09

Markets likely to see a gap down opening. If markets show recovery later during the day, buy Opto Circuits India above 89 with a stoploss at 88 and GMR infrastructure..

INTERIM GENERAL Budget 09-10

Pranab Mukherjee presents Interim General Budget Mukherjee is in charge of Finance Ministry in PM's absence This is UPA's 6th General Budget Focus on maintaining growth rate of 7-8 pct Fiscal deficit down to 2.7 pct All efforts made by Govt to deliver promises, says Mukherjee Tax to GDP ratio up to 12.5% Revised budget estimates for 2008-09 increased to Rs 909,053 crore from Rs 750,884 crore Revenue deficit seen at 4 per cent, fiscal deficit at 5.5 per cent of GDP in 2009-10 Central plan expenditure increased from Rs 2,43,386 crore to Rs 2,82,957 crore Food, fertiliser, petroleum subsidies to go up Rs 40,000 crore relief extended through tax cuts to counter economic slowdown Flagship NREGA scheme gets Rs 30,100 crore in 2009-10 Allocation of Rs 14,1703 cr for defence sector Budgetary support increased for Ministries of Rural Development, Road Transport & Highway, Power, Railways,Industrial Policy & Promotion and IT Rs 13,100 cr for primary education in SSA Foreign trade increased to 35.5% of GDP Consistent 9% growth for 3 yrs Investment rate grows to 39% Communication sector grew at the rate of 26% Annual growth rate of agriculture up 3.5% Per capita income up 7.4% during UPA regime Inflation rate fell to 4.4 per cent Export growth rate for first 9 months of FY08 down to 17.1% Govt approved 37 infrastructure projects Govt took prompt stimulus packages to curb slowdown Industrial production fell by 2 pct in 2008 on a YoY basis Capital inflows at 9% of GDP in FY08 GDP growth of 7.1% makes India 2nd fastest growing economy Tax collections in FY09 to exceed that of FY08 FRBM targets being relaxed Need to consider additional fiscal measures Govt to spend Rs 9.53 lakh cr in plan & non-plan expenditure Agriculture plan hiked by Rs 3,000 cr Agriculture credit increased 3-fold to Rs 2,50,000 crore Fertiliser subsidy increased by Rs 44,863 crore from about Rs 14,000 crore during 2008-09 IIFC to raise Rs 10,000 cr by end of March 2009 IIFC to finance 60% of commercial loans in private public partnership in critical projects Exports in dollar terms rose 26.4% in last 4 yrs PSU turnover up 84% Six new IIMs to be operational by 2010 2 more IITs in MP, HP to start ops in 2010 Educational loan scheme revised 13,100 cr for primary education in Sarv Shiksha Abhiyaan Widows to get priority in ITI Govt to spend Rs 1,200 cr for Total Sanitation Programme Rural jobs scheme to get Rs 30100 cr Rural jobs scheme to get Rs 30100 cr Bharat Nirman programme gets Rs 40,900 crore in 2009-10 Integrated Child Development Scheme gets Rs 6,705 crore in 2009-10 Allocation for Unique ID programme pegged at Rs 100 crore

Intraday calls for 17-02-09

Markets likely to open weak. Below 2840 we can touch 2790. Support at at 2780. Sell Wire and Wireless India for a target of 14.20. Stoploss: 15.40Sell ABB for a target of 402. Stoploss: 422. If markets show recovery later during the day, buy: GMR Infrastructure.

Intraday calls for 16-02-09

Buy GTL Infrastructure at 31.70, target: 33. Stoploss: 31.40Buy Reliance Power at 108.20, target: 113. Stoploss: 106. Markets likely to be volatile today. Trade in small quantity..

Intraday calls for 13-02-09

Buy Lanco Infratech at 135, target: 143. Stoploss: 132Buy Ansal Housing and Construction at 21.90, target: 23.20. Stoploss: 21.60

Intraday calls for 12-02-09

Markets likely to open weak. Nifty has good support at 2870. If markets show recovery later during the day, buy: Reliance capital and Adlabs (above 171.50).

Intraday calls for 11-02-09

Markets likely to see a gap down opening.If markets show recovery later during the day, buy: IFCI above 19.50, and Chambal fertilizers above 39. No short sell calls as markets will open with a huge gap down.

INTRADAY CALL 10/02/2009

Buy GVK power on intraday dips and Tata Power above 790, target: 810. Stoploss: 784

Intraday calls for 06-02-09

Markets likely to open higher. Nifty has resistance at 2840 and support at 2750. Buy Shipping Corporation of India at 83.15, target: 88. Stoploss: 81If markets show weakness later during the day, short sell: Aurobindo Pharma below 129.

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Intraday calls for 05-02-09

Buy OnMobile Global at 229.50, target: 239. Stoploss: 225 If Nifty breaks 2780 later during the day, short sell: PTC India. Trade in small quantity.

Intraday calls for 04-02-09

Buy Eicher Motors at 228, target: 238. Stoploss: 224.Buy Alok Industries at 17.30, target: 18.40. Stoploss: 16.90 If markets show weakness later during the day, short sell: Reliance Petroleum below 82. Buy Arshiya International on dips. It is traded on the BSE. Current market price: 70, long term target: 140. PE - 19.40. Book value: 80.

Satyam wins 15 new outsourcing deals

Satyam Computer Services won 15 outsourcing contracts in January despite revelation of India's biggest corporate accounting fraud at the company, a spokeswoman said. The contracts were in markets such as the United States, Europe, Japan, Africa, the Middle East and India, she said in an e-mailed statement. "As of now there has been only one client termination," the spokeswoman said, referring to the decision of US-based State Farm Insurance to terminate its contract with Satyam after its founder quit on Jan. 7 admitting accounts were falsified for years. "Our executives are reaching out to clients around the world, and at this point, well over 90 per cent of our clients have committed to continuing with Satyam," the spokeswoman said.

Intraday calls for 03-02-09

Buy PNB Gilts at 23, target: 24.50. Stoploss: 22.40.Buy Reliance Industries at 1280 target: 1320. Stoploss: 1270.

DLF to raise up to $510 mln from PE investment

NEW DELHI (Reuters) - DLF Ltd, India’s top listed real estate firm, hopes to raise 20-25 billion rupees ($408-510 million) from private equity investment in its property trust in the March quarter, its vice-chairman said on Monday.

Intraday calls for 02-02-09

Markets likely to open weak.Short sell: BHEL at 1320, target: 1290. Stoploss: 1335 On dips buy Aban Offshore and Nagarjuna Fertilizers (above 16.50)